JO sets up Economic Research Unit

10 May 2016 04:43 pm - 2     - {{hitsCtrl.values.hits}}

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The joint opposition today launched an Economic Research Unit to probe the current economic crisis in the country.

MP Bandula Gunawardana said the Economic Research Unit comprised several members of the JO including Prof. G.L. Peiris, former Central Bank economists and university academics.

He said the government had increased the Value Added Tax (VAT) up to 15 per cent in an unjust manner.

“The VAT increase of 15 per cent should be reduced to 12 per cent, the health sector should be exempt from VAT and the tax on Rs.33,000 day earned by business entrepreneurs should be increased to Rs.100,000,” he said.

He also said the tax implementation on water facility with the increment of Nation Building Tax (NBT) should be abolished. (Kalathma Jayawardhane)

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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 
  • willows Wednesday, 11 May 2016 01:02 PM

    good god so you can tell us know how to survive with 7500/= a month

    Sri Lankan Thursday, 12 May 2016 08:51 AM

    The school master turned Economic Wizard!!! He should join the World Bank or the IMF!!!


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