FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Gowri123 Today at 10:27 am

» LOFC lofc
by stockchaser Today at 9:52 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by ADVENTUS Today at 2:13 am

» TOKYO CEMENT COMPANY (LANKA) PLC
by ADVENTUS Today at 12:14 am

» DIPPED PRODUCTS PLC (DIPD.N0000)
by ADVENTUS Today at 12:11 am

» Top Foreign Trading today
by SAGA Yesterday at 8:22 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by stockchaser Yesterday at 3:49 pm

» Maharaja after long time
by madukp Yesterday at 2:37 pm

» LOFC AND CLC Target Price??
by ForeigNer Yesterday at 1:03 pm

» GUYS LOOK IN TO JKH / JKL NOW
by Wickyz Yesterday at 10:54 am

» The stock market can be a great place to make money; it can also be a great place to lose money. Stock market for beginners
by reyaz Yesterday at 7:37 am

» LOFC LOFC LOFC
by stockchaser Mon Sep 20, 2021 7:49 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by LHW Sun Sep 19, 2021 10:14 pm

» KOTAGALA PLANTATION
by reyaz Sun Sep 19, 2021 3:33 pm

» What is "Introductions" in Upcoming listing in CSE?
by Nandun Sat Sep 18, 2021 1:46 pm

» Glove stocks fall after Top Glove posts weaker 4Q results
by ResearchMan Sat Sep 18, 2021 1:37 pm

» Top crossings today
by SAGA Fri Sep 17, 2021 5:01 pm

» Amana Takaful ATL & ATLL
by kanishkaecomm Fri Sep 17, 2021 12:17 pm

» Best Time to Collect Cic X
by Value Pick Fri Sep 17, 2021 8:15 am

» Why is First Capital Holdings being dumped?
by Berryfund Fri Sep 17, 2021 6:29 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » DOES GOVERNMENT EFFICIENTLY UTILIZE TAXES???

DOES GOVERNMENT EFFICIENTLY UTILIZE TAXES???

Go down  Message [Page 1 of 1]

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
From every piece of consumables, services provided public pay an immense amount of taxes to government. What they do with billions of taxes levied on public? How efficiently use such taxes is the basic question raised by people. What % is absorbed for parliamentarians for their housing,vehicles, salaries, food,escort, security, fuel, cell phone etc....

Government should have fiscal plan to minimize such cost relieving heavy tax burden loaded to public...Look into one piece of taxes charged for post paid mobile telephone bill....rounded off..

Monthly usage charge               Rs. 1,394
Government taxes & levies                493    35.4% of monthly usage charge
Total value added taxes                     336    24.1% of monthly usage charge
Total taxes                                      829    59.5% of monthly usage charge

Other than above monthly service charge of Rs.350 & other services (non taxable) Rs.71 are added. So total charge represent as Rs.1250 that reflect 89.7% of monthly usage charge.
What a funny tax system....

Well, it is open secret that a substantial % of taxes earned are simply absorbed to cover up ever increasing corruption, immense losses at state owned white elephants, political based mismanagement, excess state workers, vote oriented salary increases etc...

Without revisiting & placing immediate correction measures citizens will never free from dense tax charges for generations...There should be an immediate plan to reduce/eliminate ever increasing blood sucking from people just to avoid future chaos.Common people can be at least consoled in the future such levies would return partly to majority (not to privileged) as benefits who struggle day to day life.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum