Budget 2017: Taxing the Productive and Rewarding Freeloaders
Posted on November 13th, 2016
Dilrook Kannangara
UNP has come up with yet another budget disaster. Its 2017 budget taxes the productive and rewards freeloaders. This will spell doom for the economy which is already reeling under fiscal mismanagement, astronomical corruption and an unstainable foreign debt. Party politics is written all over the budget. UNP regime plans to give tax benefits to its voters and tax to death voters of other parties. It also highlights UNP leaders’ fears that its days are numbered. They want to shower its supporters with benefits before it is too late.
Taxing workers in the Middle East and cooperatives can only be termed inhuman. In addition to the immorality of these taxes, they will have a negative impact on two key industries that sustain foreign reserves and the agricultural sector. This will exacerbate the shrinking economy thanks to VAT increases. VAT payout has been increased by a staggering 36% (11% to 15% increase is a 36% increase on 11%) and more and more goods and services are now taxed. As people’s earnings don’t improve, they will have to reduce consumption. It will shrink the economy. Central Bank will have to cook books even more to show a rosier picture than reality.
With the continuing spat with China, the only source of infrastructure investments will be shut soon in the backdrop of collapsing foreign direct investments. Moragahakanda project is a project near and dear to the president. There is no way it can go ahead without Chinese assistance. It will also jeopardise generous Chinese grants to the tune of $1 billion to address kidney disease and related issues. This is another one of president’s projects. UNP will have some serious explaining to do for scuttling all projects of the president.
The biggest cancer of the UNP regime is its economic advisors. People have no faith in any of them. They have been living in foreign countries and only come to Sri Lanka during UNP regimes. It is foolish to think they have any regard whatsoever for the national economy. They are completely incompetent. However, they make sure their local associates and South Indian cartels are looked after. If things continue like this people will evade tax. Surely, their tax money is best kept in their pockets than in corrupt state coffers.
November 13th, 2016 at 2:07 pm
Who are the advisers ?
PaasakaraLingam – Old man who misdirected Premadasa and stole money big time ( those days standards were lower)
Mahendran – Theif foreigner who drained peoples blood and sold to Singapore and collaborate with previous thieves.
Ravi K – who himself is a Pal Hora.
Dilrook should go there takeover.
November 13th, 2016 at 6:05 pm
We are an Indian colony.
November 13th, 2016 at 7:00 pm
Mahinda has warned in a recent speech (lankacnews) that under a future government, all sham privatisations of the UNP will be taken back without compensation. It is very welcomed. He said the same in 2003 when the then UNF regime tried to sell off SLCTB to a British company. His warning saved it and saved billions for the country. In 2007 his government took back what was fraudulently given away.
There are better ways to save the billions UNP tries to earn by selling off family silver.
November 14th, 2016 at 3:12 am
To upkeep each minister Rs.10 lakhs is spent every month. There is a huge number of ministers to upkeep so all this extra tax goes towards upkeep of this huge number of ministers. They are being kept to vote for the federal or Eelam constitution whenever that come up for voting as per the requirements of the TNA, other separatists, the US, EU, UK, Canada, Norway, Sweden etc. These traitors should be ashamed of themselves.
If a constitution is votes in by use of coercion, threats etc. by the TNA, other separatists, the US, EU, UK, Canada, Norway, Sweden etc. it should ne reversed whenever a new government comes to power which is more patriotic. This government should be told that in no uncertain terms.
November 15th, 2016 at 3:29 pm
Charles and Fran,
The KATUSSA (Lorenzo) and the KALAWEDDA (Gonsal)
PRETEND not to UNDERSTAND that you love Sri Lanka FIRST and then those who help DEFEND, PROTECT and FISTER SRi Lanka like MR.
They PRETEND not to UNDERSTAND that MR, and the RAjapakse family, did what no other President and family did in modern times to CRUSH the EELAMISTS and RESCUE Sri Lanka’s CROWN from the GUTTER it had fallen into.
They want to SOW Maximum CHAOS, undermining EVERY GREAT LEADER we have, including MR, GOTA AND WIMAL.
Do they propagandize their DESTRUCTIVE EELAMIST agenda here, PRETENDING to be Patriots, in an INCESTUOUS DO-LOOP, to undermine the Pagtriots at LankaWeb who STAND for those who HAVE PROTECTED Sri Lanka in the PAST, and CAN PROTECT Sri Lanka NOW.
The INCESTOUS DO-LOOP:
DO
Katussa (Lorenzo) ……..> Kalaweddda (Gonsal)
Kalaweddda (Gonsal) ……… > Katussa (Lorenzo)
IF (PATRIOTS HAVE GIVEN-UP) EXIT LOOP
CONTINUE
Their PROBLEM is Sri Lanka’s PATRIOTIC SONS & DAUGHTERS WILL NEVER GIVE UP!!
November 15th, 2016 at 4:00 pm
My dear friend,
Country needs you service greatly at the moment. Rather than calling names like a kid please approach Trump now and chase out all LTTers including Lorenzo if you are sure he is a terrorist. You can do it !
“අපරාධකාරයින් ඇමෙරිකාවෙන් පිටුවහල් කරනවා“
2016 නොවැම්බර් මස 14 12:44:57 | . , නිලුක සඳුන් බණ්ඩාරනායක
තමන් ජනාධිපති වීමෙන් පසු අපරාධ වාර්තා සහිත අනවසර සංක්‍රමණිකයින් මිලියන තුනක් පමණ පිටුවහල් කරන බව ඩොනල්ඩ් ට්‍රම්ප් පවසයි.අනවසරයෙන් ඇමෙරිකාවට පැමිණ සිටින මත්ද්‍රව්‍ය ජාවාරම්කරුවන් ඇතුළු අපරාධකරුවන් මෙලෙස පිටුවහල් කරන බව ඔහු පැවසීය.
නිසි බලපත්‍ර නොමැතිව සිටින සංක්‍රමණිකයින්ගෙන් රටින් පිටුවහල් වන ලෙස ඉල්ලන බවත් ඔහු කීය.මෙම ක්‍රියාවලිය මානුෂික අයුරින් සිදු කිරීමට සිතා සිටින බවද පැවසීය.
එමෙන්ම මෙක්සිකා දේශසීමාවේ ආරක්ෂක වැටක් ඉදිකිරීමටත් ක්‍රියාමාර්ග ගන්නා බව ඔහු පවසා ඇත.මෙලෙස රටින් පිටවීමට අකමැති බරපතල අපරාධකරුවන් සිරගත කිරීමට ද බලාපොරොත්තු වන බව හේ පැවසීය.ඔහුගේ මැතිවරණ පොරොන්දුවක් ලෙසත් මෙය ඉදිරිපත් කර තිබිණි.
“හිලරි ක්ලින්ටන්ගේ ඊමේල් ගැටළුව ගැන සෙවීමට විමර්ශණයක් පැවත්වීම ගැන සිතා බලනවා.සුළු ජාතීන්ට සිදුවන හිරිහැර සම්බන්ධයෙන් කනගාටු වෙනවා.ඒවා නවත්වන ලෙස මා රටවැසියන්ගෙන් ඉල්ලා සිටිනවා.“යැයි ඔහු පැවසීය.
ඇමෙරිකාව තුළ බලපත්‍ර රහිත සංක්‍රමණිකයින් මිලියන 11ක් පමණ සිටින බවත් ඉන් බොහෝමයක් මෙක්සිකොවෙන් පැමිණ ඇති බවත් වාර්තා වෙයි.
ඩොනල්ඩ් ට්‍රම්ප්ගේ ජයග්‍රහණයෙන් පසු ඔහුට විරෝධය පළ කරමින් පැවැත්වෙන උද්ඝෝෂණ වලට බොහෝ සංක්‍රමණිකයෝ සහභාගී වෙති.
ජයග්‍රහණයෙන් පසු ඔහු ‘සංක්‍රමණිකයින් පිටුවහල් කිරීම‘ සම්බන්ධයෙන් මාධයට ප්‍රකාශයක් නිකුත් කළ ප්‍රථම අවස්ථාව මෙය වේ.ඇමෙරිකා සීබීඑස් ආයතනයේ මාධ්‍ය සාකාච්ඡාවකදී ඔහු මේ බව කීය.
November 15th, 2016 at 5:07 pm
Ravi Imports Super Luxury Benz, While Ordering Public To Tighten Their Belts
November 12, 2016 | Filed under: Colombo Telegraph
While the public was ordered to tighten their belts, and pay up increased taxes, Finance Minister Ravi Karunanayake this month imported a brand new super luxury Mercedes Benz from Germany with a duty free vehicle permit, which resulted in the country losing millions of rupees in revenue.
The total tax waived off for Karunanayake’s luxury Benz which was imported on November 2, 2016 is approximately Rs. 29 million on the vehicle. The custom’s declaration form in possession of the Colombo Telegraph has been signed by the Finance Minister himself.
November 15th, 2016 at 9:20 pm
What is the matter Kalawadda (Gonsal)?
You have SUDDENLY metamorphosed into one who does not call people names, perhaps until the Katussa (Lorenzo) gives you more orders, eh?
Since, when did this SUDDEN transformation come about?
We understand, when the kitchen get too hot, it is time to jump into the sink for a quick cool off, isn’t it dear Kalawadda?
November 16th, 2016 at 1:01 am
Ananda-USA has gone Fonseka way talking about zoo animals.
November 16th, 2016 at 1:37 am
Anybody knows whom Fonseka rightly Kalawedda ?
Kalawedda is not a zoo animal
1. It is a citizen of USA
2. He was a big Pandama(paid) of MR
3. Well paid to do a dirt job he came to Sri Lanka during election time (2009) to help sling mud at Fonseka
Character of a 65 year old person is on display when he behaves like a little kid calling names.
That name calling made Fonseka famously ugly.
Name caller should learn that such behaviour was one of the reson for voters to dislike.
November 16th, 2016 at 2:09 am
Hey Katussa (Lorenzo) & Kalawedda (Gonsal),
Trying to change the subject? Dragging more Red Herrings across the trail?
Feeling desperate? Backed into corner? Oh, you poor boys!
November 16th, 2016 at 2:59 am
Gonsal,
Add 3 more to the number. 4 more and you get Hillary. 5 more and you get Trump. 6 more and you get MR.
On the subject, no increase in water bills. Ratana has bought a LAND CRUISER. He participated only 4 times in parliamentary debates since 2015 but gets a LAND CRUISER.