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    Tag:Tax

    Sri Lanka’s High Alcohol Taxes Spur Surge in Illicit Consumption

    The tax burden on alcohol has significantly increased. As of July 1, 2023, taxes on absolute proof alcohol were raised from 5,000 rupees to...

    UN Proposes Global Tax Convention to Support Sustainable Development Goals

    The new tax convention is particularly significant for developing countries. An inclusive tax system is vital for these nations to strengthen their domestic resource...

    Sri Lanka’s Crisis of Legitimacy

    In this period of national trauma, all is not lost to Sri Lanka. The political and economic upheavals may yet usher a renewed commitment...

    Sri Lankan Economic Crisis Inflicted by Self-Serving Elite

    Once deemed a basic human needs success story, Sri Lanka is now in its worst economic crisis since independence in 1948. Nonetheless, Sri Lanka’s...

    Sri Lanka’s Political Turmoil Risks Derailing the Economy Further

    Sri Lanka is facing unprecedented political turmoil, and with the economy in a tailspin it is in its weakest state in decades. The country...

    IMF red flags Sri Lanka’s China-backed tax free zone

    The Colombo Port City SEZ conflicts with OECD’s minimum global tax regime. As a dollarized entity, the Port City has been envisaged to be...

    Budget 2022: Optimism of policy makers may be misplaced

    Those drawing confidence from the mountain of reserves should know well that the central banks would not dare to run down the reserves even...

    SouthAsia calls for increased tax revenues from the digitalized economy

    Recent research indicates that a tax-GDP ratio above 15 per cent is a “tipping point” that helps countries generate sufficient domestic resources that can...

    Latest news

    China Sets Ambitious 725 Million Tonne Grain Target by 2030 to Fortify Food Security

    China has placed food security at the centre of its national strategy, setting a binding target to raise annual grain production capacity to 725 million metric tonnes by 2030.
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    Rivers Swallow Land Five Times the Size of Dhaka in Five Decades

    Gaibandha faces the largest land loss among the Jamuna sites, while Kurigram risks the greatest settlement area.

    Sri Lanka Seeks India’s Backing in War on Indian Ocean Drug Trafficking

    The appeal came during a high-level meeting with visiting Indian Defence Minister, Rajnath Singh on 9 September 2026, the first such visit by an Indian defence minister in 38 years.

    Must read

    China Sets Ambitious 725 Million Tonne Grain Target by 2030 to Fortify Food Security

    China has placed food security at the centre of its national strategy, setting a binding target to raise annual grain production capacity to 725 million metric tonnes by 2030.

    Rivers Swallow Land Five Times the Size of Dhaka in Five Decades

    Gaibandha faces the largest land loss among the Jamuna sites, while Kurigram risks the greatest settlement area.