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Tag Archives: tax imposition

Sri Lanka opposition assures to end tax concessions on casinos resorts

COLOMBO: In his manifesto, Sirisena the opposition leader said that the special tax status granted to three planned casino resorts would be withdrawn — a promise that targets the Buddhist vote bank in an attempt to erode Rajapakse s rural support base. He said in his manifesto which also vowed to launch a major offensive against narcotics. President Mahinda Rajapakse’s ... Read More »

Falling prices: Norway’s oil wealth expenditure in 2015 to reach record 6.4%

OSLO: The fall in oil prices from record high levels above USD 100 a barrel to just around USD 60 has fueled fears of economic contraction, higher unemployment and lower wage growth. Norway’s state revenue and fiscal policy has been largely based on the use of petroleum revenues. Oil wealth expenditure in 2015 will reach a record 6.4 percent of ... Read More »