Financial Times

US Embassy plans to move

The United States government, through its embassy in Colombo, is looking for land to build a new embassy compound in Colombo. Director of Press and Cultural Affairs at the US Embassy Jeff Anderson told The Sunday Times FT that the reasons for shifting locations is part of an ongoing worldwide project started 10 years ago by the State Department and the US government to update embassies all over the world.

 
Tax net tightens against finance companies, depositors
The Inland Revenue Department is exploring the possibility of formulating a scheme to probe investments of depositors in finance companies who are evading the tax net and to collect taxes from them ‘fairly and courteously’.
 
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