Is the rise in VAT a tax on jobs?
In May 2016, the standard rate of value added tax (VAT) jumped from 12% to 15%. The Sri Lankan economy will thus have to adjust to this higher rate but what are some of the possible macroeconomic consequences? everjobs spoke to University of Colombo Professor of Economics Sirimal Abeyratne recently about whether the rise in VAT is a tax on jobs.