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Govt. is looking for more ways to tax the people - Mahinda

Govt. is looking for more ways to tax the people - Mahinda: “We have never faced a crisis as acute as the one created by the reckless borrowing of the Yahapalana Government. The people of this country should be aware of the situation that is developing,” former President Mahinda Rajapaksa says.


In a statement, he said “Now the government is looking for more ways to tax the people. They have announced that a capital gains tax will be introduced in the coming weeks on the grounds that people accumulated a lot of wealth in the recent past and that this should be taxed.�


It is ironic that while insisting that I ruined the economy, this government says in the same breath that people earned a lot of wealth during my tenure which has to be taxed. When ordinary people hear the phrase ‘capital gains tax’ they may assume that this is a tax levied only on rich people who own ‘capital’. But what is meant by capital in this case is property owned by anybody.
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