Bandula Gunawardana: Tax Revenue

Abstract

PARTLY TRUE: The tax revenue in 2014 at the end of Mahinda Rajapaksa’s government was Rs. 1,050 billion. Thereafter, its successor the Good Governance Government imposed tax rates to collect more than Rs. 1,700 billion a year, which was an excessive burden. The people were not taxed in this manner even when LTTE terrorism prevailed in the country. The incumbent Gotabaya Rajapaksa administration reduced taxes by Rs. 520 billion to provide relief to the public. - Bandula Gunawardana, Daily News, 24 June 2021