Oct 24, Colombo: Sri Lanka's main opposition United National Party (UNP) says the government while burdening the common people with taxes is granting massive tax exemptions to casinos.
UNP parliamentarian R. Yogarajan said it was unacceptable to grant tax holidays to casinos when ordinary people are being taxed.
The government had imposed taxes amounting to 40 percent on ordinary people, the MP said.
However, according to the World Bank and International Monetary Fund, Sri Lanka has the lowest tax revenues in the region.
Yogarajan says it is the poor in the country who should be provided relief and not the rich casino operators.
According to Yogarajan, the unreasonable tax holidays granted to the likes of casino operators will allow such investors to transfer all their tax-free profits overseas.
He suggested that the trade unions in the country instead of demanding pay hikes amounting to Rs. 10,000 should urge the government to reduce taxes.