Taxation in Sri Lanka: The need for radical change?
A country’s fiscal and taxation system is a major determinant of macro-economic policy and sustainable growth, particularly in areas such as government revenue, public debt, fiscal deficit, inflation as well as resource allocation, income distribution and economic stability.
Currently, Sri Lanka’s fiscal and taxation system is at a critical juncture. While overall GDP as well as per capita income have been steadily increasing, the total government revenue and tax revenu