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"Sugar Scam” is Not the Whole Iceberg: “Forestalling” Needs a Rule-of-Law Solution
(Colombo: Daily Mirror, 2023-11-09)
On 14 October 2020, taxes on imported sugar were slashed overnight from LKR 50 to LKR 25 cents per kilogram. That is a reduction of 99.5%. This led to much discussion in media and parliament about the large undue profits ...
The Alternatives to Universal Tax Registration in Sri Lanka
(Colombo: Verite Research, 2023-02)
This note argues that the Sri Lankan government’s recent proposal to implement universal tax registration is neither a viable nor effective strategy to increase the country’s tax revenue. Instead, the note proposes four ...
Restoring Efficient Tax Collection Methods: Withholding Tax and Pay-As-You-Earn
(Colombo: Verite Research, 2022-06)
The note estimates the additional revenue that can be collected from reinstating in Sri Lanka two methods of efficient tax collection that were discontinued in 2020. That is: the withholding tax (WHT) and the pay-as-you-earn ...
Verité Research Debt Update - December 2023
(Colombo: Verite Research, 2023-12-01)
This issue provides coverage on Sri Lanka’s debt restructuring and progress on the IMF program. This issue also includes analysis on the 2024 Budget and the need for improved governance for sustainable economic recovery. ...