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Current tax policy is a rescue operation – President
Delivering the keynote speech at the Tax Forum 2023 today (21), President Ranil Wickremesinghe,said that the current tax policy in Sri Lanka is not a normal tax policy, but rather a rescue operation.
He warned that if this process is disrupted, Sri Lanka will not be able to join the International Monetary Fund (IMF) program and may lose the opportunity to do business with foreign countries.
In addition to his comments on the tax policy, President Ranil Wickremesinghe also stated that the budget presented for the year 2023 in Sri Lanka is not an ordinary budget, but rather an operation to rescue the economy. The President highlighted that, apart from the Sri Lanka Chamber of Commerce, no other party, person, or institution has submitted any proposals or alternatives to the IMF.
BBC reported that former US President Donald Trump will be charged over hush money payments made to a porn star just before the 2016 presidential election.
The details of the case against him have not yet been released. A grand jury has voted to indict him after investigating a $130,000 pay-out to Stormy Daniels in an attempt to buy her silence over an alleged affair.
Trump, 76, denies wrongdoing. He is the first serving or former US president to face a criminal charge.
The office of Manhattan District Attorney Alvin Bragg, who has been pursuing the investigation, confirmed that it had contacted Trump’s attorney to “co-ordinate his surrender” on unspecified charges.
The ex-president lives in Florida and is expected to travel to New York City for his formal arrest and first hearing in court. Trump is expected to fly to New York on Monday and be arraigned in court on Tuesday, two sources familiar with the matter told CBS News, the BBC’s US partner. The charges in the indictment will be read to him at the hearing, which is set to last about 10-15 minutes.
The United States Secret Service – which is tasked with protecting serving and former US presidents – will be in charge of security for the court appearance.
President Ranil Wickremasinghe while tabling the IMF agreement in Parliament today (22) in his capacity as the Minister of Finance said that he would introduce Wealth Tax, Gift Tax and Estate Tax in lieu of the existing Property tax.
Aljazeera reported that a magnitude 6.5 earthquake has rattled Afghanistan and northern Pakistan, and tremors were felt as far away as India.
The quake epicentre is 40km (25 miles) south-southeast of the Afghan town of Jurm, near the borders with Pakistan and Tajikistan, according to the United States Geological Survey.
Rezcue officials have confirmed that two persons had died in Pakistan’s Khyber Pakhtunkhwa province.
Dhananjaya de Silva returns as Sri Lanka bat first in Hamilton
Donald Trump to be charged over hush money
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