Implications of income tax reforms in 2011, on reveune and equity in Sri Lanka
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Date
2011
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Abstract
The need to reduce budget deficits by increasing government revenue was a challenge facing the Sri Lankan government over a long period of time. With the intention of increasing tax revenue while keeping the tax rates competitive, 2011 tax reforms, was proposed to remove the tax exception given to the public sector employees. At the same time tax rates have been reduced with the aim of improving tax compliance of PAYE tax payers
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PAYE tax, tax revenue, tax simulation, equity