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LEN - www.lankaenews.com | The biggest tax fraud in South Asia or crafty'Nandaseeni' fraud..! Mahinda must resign..!


The biggest tax fraud in South Asia or crafty Nandaseeni fraud..! Mahinda must resign..!
(Lanka-e-News -13-March-2021, 2.00PM) The finance ministry of the Gotabaa government which says the largest sugar tax fraud done in Asia in broad day light under the Rajapaksa government by conspiring deceiving gazettes was not a fraudulent act but a normal activity of a business folk. The Minister of Finance has reported that the government has lost tax revenue of Rs. 1590 billion through the Ministry of Finance. The Chairman of the parliament fiscal committee Anura Priyadarshana Yapa revealed yesterday.
Sajath Mowsoon and Rajapaksas..
Minister of Finance Minister Mahinda Rajapaksa levied a tax of Rs. 50 in June 2020 for imported sugar. The gazette in the 2197/12 of October 13 reduced the tax unimaginable to 25 cents. By the time Gotabaya’s bosom friend Sajath Mowzzoon has already loaded 100,000 metric tons of sugar to Sri Lanka. Customs states that only 45,000 metric tons are ....

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Denial is not a strategy, Citi cautions Sri Lanka


 
State Minister of Money, Capital Market and Public Enterprise Reform Nivard Cabraal
Global financial giant Citi has cautioned Sri Lanka that its denial of a debt crisis shouldn’t be a strategy, and called for effective restructuring and boosting of income streams.
In a latest assessment, ‘Sri Lanka Economics and Strategy View,’ Citi Research said Sri Lanka’s debt was on an unsustainable path, but the Government appeared to be in denial. 
“While officials continue to mention their willingness to pay, we cannot see a credible strategy for achieving debt sustainability and (external) repayment capacity beyond talking up their growth prospects and expecting this to attract FDI  and other portfolio equity inflows,” the research document said.  ....

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