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Ranil’s tax policies will discourage investors -Harsha
By Saman Indrajith
Opening the debate on the Budget 2023 for the Opposition, Dr. De Silva said Budget 2023 had welfare expenditure by Rs. 40 billion rupees. “When we were in power, inflation was below 5%, but the people were complaining of economic difficulties. Today, food inflation has gone up to 95%.”
Dr. de Silva said that the tax policies envisaged by the Budget 2023 would discourage exporters. The President spoke of boosting exports with the help of new policies but in reality that will not happen. There are other factors that affect investment and they include law and order and a corruption free environment. Look at the tax benefits given to the exporters in neighbouring countries. In Bangladesh, the tax for exporters is 22.5 %. It is 12 percent for the garment exporters. The President did not mention some figures pertaining to the export industry.”
“Those who are sitting with the Prime Minister on that side of the government ranks today are with us.
“There is no mechanism to tackle tax evaders.
“The aim of improving a digital economy is not realistic. Budget 2023 has not proposed a mechanism to prevent brain drain. There is no proper solution envisaged for the development of agriculture, except for promoting ganja cultivation and trying to find means for the reduction of post-harvest losses,” Dr. de Silva said.
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Charted Computer Institute of Sri Lanka to be established
The Chartered Computer Institute of Sri Lanka was established in 1976 as the premier and sole body representing professionals in the Information and Communication Technology sector in Sri Lanka. It has recognized the importance of establishing the Sri Lanka Chartered Computer Association as the main professional organization to act on behalf of the interests of professionals representing the computer sector in Sri Lanka, which should be treated equally with other professional organizations that have obtained chartered status and other formal recognition.
Accordingly, taking into account a resolution furnished by the Hon. President, the Cabinet of Ministers has decided to grant policy approval for the establishment of the Chartered Computer Institute of Sri Lanka and to instruct the Legal Draftsman to prepare a draft bill in line with the proposed objectives.
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Accordingly, considering a resolution forwarded by the Minister of Public Security and Parliamentary Affairs, the Cabinet of Ministers decided to grant the policy approval to revise the Drug Dependent Persons (Treatment and Rehabilitation) Act No 54 of 2007 and direct the Legal Draftsman to formulate a draft bill including the relevant amendments.
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