SL must put special emphasis on retaining Japanese investments: SLJBC

Rasindu Abe Saturday, 10 September 2022 09:56 AM

There are a lot of BOI project with foreign investments, but they also have long tax holidays, decades when they pay no tax. How many of the 12,000 employed actually pay any income tax. How many of the BOI companies will ever pay tax. We can't go on giving tax free holidays for BOI forever. The tax losses are not worth the investment gain, nor employment opportunities. It's that kind of desperate mentality that has got us into this situation.

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Nihal S Saturday, 10 September 2022 12:01 PM

Sad to note that Gotabaya accepted the wrong advice by Lalithasiri Gunaruwan (Prof.) that led to the cancellation of the Japanese funded light railway. There need to be a professional body to advice on such matters rather than a responsible leadership accepting advice from an individual with possible personal interest.

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vithura Saturday, 10 September 2022 02:41 PM

Unlike the inferior low end technology of the Chinese, Japanese do bring advanced technology and higher ethical industrial standards with their investments and impart knowledge and know how to the employees of the host country. Japanese and German investments must be accorded the top most priority and preference.

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DPerera Saturday, 10 September 2022 05:21 PM

@Nihal S, It was GR who decided to abandon the LRT project and he prearranged Prof. Gunaruwan to say that LRT project is not viable. So Prof Gunaruwan parroted what the leader wanted him to say in a meeting and then GR abolished the project.

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