80% of Taxes paid by lower socio economic population bracket; Prime Minister Reveals new tax system to be introduced
Tuesday, 16 February 2016 - 14:13
The Prime Minister Ranil Wickremesinghe says that attention has been drawn to impose more tax on the wealth of the rich while reducing the taxes imposed on the everyday individual
80% of tax payers in this country are from the middle class.
Addressing a launching ceremony of a World Bank research on poverty and prosperity in Sri Lanka this morning, the Premier said a special tax should be imposed on the capital earned by the rich.
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