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Sri Lankan government's decision to reduce VAT may not bring down prices, says economist

Mar 20, 2011 11:38:18 AM- colombopage.com
Mar 20, Colombo: Sri Lankan government's decision to reduce the Value Added Tax (VAT) from its current 22 per cent to 12 per cent would not be able to stabilize prices as expected and solve the issue of the rising cost of living, a leading economist has said.