The Government, seriously considering a suggestion made by the International Monetary Fund (IMF), is going ahead with a massive re-organisation of the Inland Revenue Department (IRD) as revenue collection is falling far short of expected targets. Last year the revenue collection from the target fell by over Rs. 9 billion.
The Colombo bourse lost steam and enthusiasm this week as investors were seen de-motivated by the new directives imposed to control unusual gains in trading, while analysts lamented that stock market regulators are baffling the players by sending confusing signals.
The Government, seriously considering a suggestion made by the International Monetary Fund (IMF), is going ahead with a massive re-organisation of the Inland Revenue Department (IRD) as revenue collection is falling far short of expected targets. Last year the revenue collection from the target fell by over Rs. 9 billion.
