Tamil Diplomat

CB Chief slams tax system

Tough-talking Central Bank Governor Arjuna Mahendran yesterday slammed Sri Lanka’s tax system as “pathetic” and “regressive,” insisting it needed to be boosted through fresh measures and called for reduced stress on State banks placed by loss making State Owned Enterprises (SOEs).3
Delivering the inaugural address as the Chief Guest at the Association of Professional Bankers (APB) 27th Anniversary Convention, Mahendran engaged in a frank discussion of the country’s economy, pointing out “Sri Lanka taxes its people like a sub-Saharan country”.