Proposed VAT Increase a Distortion of Tax Formula says Sajith

• Calls VAT hike regressive and warns it will affect country’s underprivileged and working classes
• Says Govt. current decisions mirror its lack of strength, ineffectiveness and inadequate governance
• Claims Govt. has no public mandate to impose a hefty tax increase
• Announces SJB will not support imposition of such a tax burden on populace

Source: www.ft.lk

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