Sri Lanka will not tax learning; ill health to be taxed: FinMin

ECONOMYNEXT – Sri Lanka will not tax education, Finance Minister Ravi Karunanayake said, but spending by sick and aged people on ill health will be taxed at 15 percent, under value added taxes to be hiked from May 2.

Sri Lanka is taxing the ill health of citizens, while the entire elected ruling class is getting tax-free cars.

Minister Karunanayake said all fees, including those charged by state hospitals, will be subject to the 15 percent tax.

The most civilized countries to do not charge value-added tax on either ill health, funeral expenses or learning.

Ironically, while healthcare is taxed, electricity will be free from tax. Stock market players also lobbied the rulers to take off a planned capital gains tax.

Taxes are being extracted from people without being legislated, violating basic principles of democracy and parlimanetarism. Critics point out that the International Monetary Fund is also party to the undemocratic act, as taxes form prior actions for an upcoming program. (Colombo/May01/2016)

 

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