header logo
Asia asset finance
Mogo Academy
Latest
Manusha calls for probe into ‘sugar tax’ information leak
Nov 07, 202304:17 PM
Manusha calls for probe into ‘sugar tax’ information leak

Minister of Labour and Foreign Employment Manusha Nanayakkara has called for an investigation to determine whether any party has leaked the information to outsiders regarding the increase in the import tax on sugar before it was even presented to the Cabinet of Ministers.

 

The minister questioned how businessmen received information regarding the increase in the import tax on sugar before it was presented to the Cabinet, emphasizing that only Sri Lanka Customs officials were aware of the tax revision.

 

Speaking to the media, Nanayakkara expressed that “we raised our voice regarding the sugar fraud back then, and we will continue to raise our voice if there is a fraud even today. We will not keep our mouths shut where there is a fraud or a mistake. We need to find out what has happened here”.

 

“The real issue here is how the information of the decision to increase tax was delivered to the businessmen. To be honest, even the Cabinet Members were not aware of the decision to increase tax”, he added. 

 

“As soon as the government decides to impose a tax, some businessmen import those items. When the government decides to reduce tax, this same group hides those specific items. The question we have to find the answer for is ‘how that information reached those businessmen?’”

 

“I am sure that information does not leak from the Cabinet”, he claimed.
 
Furthermore, Minister Nanayakkara alleged that there is a group that always gains profit from changes in taxes. “That is why the President set a maximum retail price for sugar. With that decision, it will not be possible to gain profits from this tax increase.”
 
He also said that the government has taken some unpopular decisions as they are working towards debt restructuring. 

 

“If we do not restructure the debt, we will continue to be a bankrupt country.  After the restructuring period of the country, investors will start to come to Sri Lanka and businesses will develop. Then, everyone’s income will be increased”, he added.
 
“We will not allow any government institution to run at a loss. All institutions should become profit-making institutions”, Nanayakkara said, adding that “as of today, the interest rate has decreased. The small businessman has benefited from it”. 

 

“What we need to do is increase the income of the people. I can say that the situation will improve a lot by February-March next year”.

 

 

 

MostRead
Mobitel 5g
VideoStories
Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

 Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

 “Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

“Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

 Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Lassana Flora