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Sri Lanka's tax system needs reform beyond revenue
Sri Lanka should focus on broadening its tax base and reducing exemptions, as emphasized in Budget 2027. The reliance on tax concessions for investment is questioned, with concerns about fiscal costs and unequal playing fields.
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Summary
Taxation and public expenditure should, therefore, be assessed together. Citizens should be able to see not only how much revenue the Government collects, but also what that revenue delivers. A good tax system earns more than revenue.
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