ISSN: 1391 - 0531
Sunday, Augest 19, 2007
Vol. 42 - No 12
 
TIMES ONLINE
Front Page
News
Editorial
Columns
Sports
Plus
Financial Times
International
 
TIMES MAGAZINES
Mirror
TV Times
Funday Times
 
MONTHLY MAGAZS
Kandy Times
ST - 1
MediScene
 
SERVICES
Archive
News feeds
Weather
Advertistments
Contact us
 
GROUP PAPERS
Daily Mirror
Lankadeepa
Hi !!
Wijeya Pariganaka
Financial Times

Tax: Crisis of credibility  

Experts say the government is so desperate for money, that it is resorting to extreme and radical ways to raise funds, resulting in a lack of confidence in administration by the business community and ordinary taxpayers alike. Old tax files are being reopened and Inland Revenue (IR) officers are constantly checking hotels to find out who’s booking the main hall for weddings and other receptions, a method which is likely to send genuine taxpayers underground.

 
Softlogic, Harry J bidding for Asha Central

Several parties including the Sri Lanka Insurance Corporation (SLIC) and Softlogic Group are vying for 82 percent of Asha Central Hospital, held by Euroam Management Services (Pvt) Ltd (EMSPL), widely believed to be controlled by Dr. Neville Fernando and family, industry sources said.

 
Good use of tax money

Remember the old adage - two wrongs don’t make a right-
Well the reverse is happening just as local newspapers and international news agencies chronicle and regale readers across the globe with the mercedez benz drama. Never has a car become such a hot topic that it has to dominate press conferences by political parties from all sides of the fence.

 
Tea industry – everyone has problems

Sri Lanka’s tea industry is supported by the industry players themselves through the Cess that is collected at the export point which is expected to finance the industry. Four rupees per kilo of export is all the Cess that the government collects from the exporter.

 

‘Tender’ product launched in Lankan market
   
Treasury uses tea money for other needs
   
Lankan biz coalition to tackle HIV/AIDS
   
New face for Central Bank
   
Sri Lankan brand to score in Asian markets
 
Lankan students to take part in Intel science fair
 
National policy on sustainable development
   
Grey’s Creative Festival in Singapore
   
Basel: Benefits of discrimination -LRA
   
Oriflame launches SHINE 3D lipstick
   
First Northwood BBAs graduate from ANC
 
Michael Conrad to speak at IAA Leadership Forum
 
Nestlé expands production capacity in Sri Lanka
 
Microsoft’s new way of delivering word files
 
MAS starts work on first model eco manufacturing plant
 
Dialog, NDB Bank pioneer mobile payments
 
Regional business links up with Colombo business leaders
 
ICI or CIC Paints?
 
Efforts to improve coir industry
 
RPC seeking one billion rupees through rights issue
   
z
JWT is Nokia’s network marketing agency
   
z
Worker remittances finance chunk of trade deficit
   
z
KBSL/Tekelec to provide solutions to Dialog’s network
   
z
CPC to hedge oil prices with Citibank help
   
z
AMW ties up with Central Finance
   
z
Brandix honours stars at awards ceremony
   
z
Sri Lanka and Poland mark 50 years of diplomatic relations
   
z
Ceylinco Life senior management visits Samsung Life in Korea
   
z
“Suntel Enabled” managed services
   
z
Dialog wins Asian Customer Relationship Excellence award
   
z
Tax breaks vs. revolution in taxation
   
z
Addressing causes and not symptoms or outcomes
   
z
LAUGFS to invest Rs. 350 mln in tyre plant
   
z
Lanka Bell seeking mobile licence
   
z
Planters claim corruption at state plantations
   
z
Follow WHO policies or no funding for HIV/AIDS projects

Copyright 2007 Wijeya Newspapers Ltd.Colombo. Sri Lanka.