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President promises to reduce tax burden over next two years
Colombo, August 30 (Daily Mirror) - President Ranil Wickremesinghe said that he intends to ease the tax burden on the public over the next two years while adhering to the agreements the country has reached with the International Monetary Fund (IMF) and the 18 countries that have provided loans.
He emphasized that the IMF agreement intended to increase the income sources of the people and provide relief by strengthening the rupee. The country has also signed agreements with the World Bank and the Asian Development Bank.
“Today, other candidates are promising to reduce the prices of goods and offer subsidies, but I don't make such promises. Our subsidies are aimed at increasing people's sources of income and boosting production.
This approach not only raises income but also creates more employment opportunities,” claimed Wickremesinghe.
Comments - 39
Comments - President promises to reduce tax burden over next two years
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Amaree Saturday, 31 August 2024 04:31 AM
Ex President's perks are huge. Make a cut on that.
2 30
Sharon Davidson Saturday, 31 August 2024 12:52 PM
This comes from him only now, just before 3 weeks the election is scheduled. Moreover, two years is too far from our reach. Now the people know very well about Ranil. Sorry Sir, you will lose badly.
4 14
G.M. Garry Melder Saturday, 31 August 2024 12:54 PM
Now Ranil is carrying the burdens of Mina Mahinda and struggling a lot. Good lesson for RW to join with rotters and rogues.
2 7
M.K. Ananda Samarawickrame (Attorney-at-Law) Saturday, 31 August 2024 12:57 PM
Ex-President Mahinda had played out left and right and filled his pockets with illegal income on huge commissions in billions. Rather than taking appropriate action against MR. foolish RW is taxing the poor and spoilt his reputation.
2 14
M Fernando Saturday, 31 August 2024 06:01 AM
I hope people will treat this statement from the president with the same attitude with which he treats the voting public. That is to say, with utter contempt.
1 27
General public or candidates do not utter these. Sunday, 01 September 2024 11:21 AM
Ranil is a silent worker, who does not boast of his actions, that most people do not notice or know. He has silently reduced the fuel quota for officers in the armed forces and MPs. None of them complained but silently accepted the sacrifice forced on them. This is what Lee Kuan of Singapore did, when they faced the US $ crisis some decades back. MPs, Ministers, and executive Govt. Officers silently sacrificed their salary increment or transport allowances. SINCERE WORKERS DO NOT BOAST.
0 1
UAli Saturday, 31 August 2024 06:04 AM
RW, you have to learn more of how to tax fairly and reasonably,you raised prices of everything including infant milk food,medicines and essential food like rice ect. That also unprecedented amounts, you taxing salaries by high percentage, which affects whole middle class,whole nation suffered so much, all due to corruption of politicians not acts of people and you were not bothered to recover them from culprits,many who do not pay a single cent but have high income but you couldn’t catch them, reason is you don’t have knowledge or tools for this purpose, you taxed even senior citizens who sold everything and maintaining FD in banks,you are unfair and ungrateful,we never want you in driving seat beyond 22 September , no one believes your promises, bye RW
9 41
sarath Saturday, 31 August 2024 11:42 AM
Do you have a mechanism to recover the stolen money
4 15
Soori Maripalan Saturday, 31 August 2024 06:16 AM
The distribute the money stolen from the Central Bank!!
6 29
Jude Saturday, 31 August 2024 06:22 AM
Promises promises More promises!! He knows he's not gonna win therefore he's making all kinds of promises that he don't have to keep!!
4 30
His Way Or No Way Saturday, 31 August 2024 06:43 AM
Suddenly giving so many assurances in easing the pain people’s suffering. All these could have been possible if professional advice had been used with IMF. He was Adamant, Arrogant and only wanted his way of doing things. It was”His Way Or No Way” Didn’t take effort in curbing current corruption, arranging prosecution of previous corrupt cases, unresolved murder cases, CB losses, getting International assistance on Easter Bombings tragedy and other atrocities. Only wanted to enjoy his time finally in the Presidency using the “Back Door” with a team of misfits who were responsible for the 2022 crisis. Also, no effort was taken to curb government spendings but only found ways to maintain the government’s grip using loans and increasing taxes of the common person. But he, his fellow legislators, huge top brass of the Tri Forces, over staff government agencies kept on using whatever funds they could find to support their operations and luxury lifestyles. Presidency
3 27
Tax Payer Saturday, 31 August 2024 06:58 AM
Don't continuously lie Ranil! You accepted every high taxation demand of the IMF without even thinking about impact on the people while increasing your own expenses as well as those of the MPs and now you are promising tax reduction as an election promise?
4 33
Joshua Saturday, 31 August 2024 07:06 AM
Most of the increases could have been managed if you took action to recover stolen monies and if you had taken action to stop corruption. You let go the people who bankrupted the country and also sat with them to seek their votes. Let the new president look after the tax reduction. We are now npt interested in these stories
3 30
Sambo Saturday, 31 August 2024 07:48 AM
How come the president is going back on his very own words. Before he there is an agreement with the IMF and no changes can be made now he is promising so changes. What do you want us to believe in.
2 25
Dee Saturday, 31 August 2024 08:05 AM
Ow the NPP will go and say that the president can increase now and why promise in two years! Out foolish (educated professionals) voters will believe them!
12 10
Kumari.sen Saturday, 31 August 2024 07:16 PM
Can you write in a way that your statement can be understood by all?
0 3
Dee Saturday, 31 August 2024 08:06 AM
Now the NPP will go and say , president can increase now and why promise in two years! Our foolish (educated professionals) voters will believe them and vote like in 2019.
14 8
sam Saturday, 31 August 2024 08:21 AM
What was he doing all this time?
3 23
Time to Go Saturday, 31 August 2024 09:54 PM
He was globe-trotting and giving interviews to foreign channels, emphasizing his significance, all at the taxpayers' expense.
3 6
Hassanda Saturday, 31 August 2024 08:25 AM
RW Y all these reductions now 2 years you killled the public and made them beg for loans from banks by increasing tax - Electricity raised by 20% - water Tariff raised - petrol
2 18
Rip Winkle Saturday, 31 August 2024 08:55 AM
“Everything a politician promises at election time has to be paid for either by higher taxation or by borrowing.” — Margaret Thatcher
1 21
Terrence K Saturday, 31 August 2024 09:00 AM
Mr President your decisions have always been reactive instead of taking proactive steps to ensure that the burdens of the public are mitigated to some extent. It is useless to spell out concessions during an election time when the other horses have left the stables having a good lead by their policies which have already been out through their manifestos although these are only promises to hoodwink the public for their votes!!!!!!!
3 19
Ron hardy Saturday, 31 August 2024 10:32 AM
If acted smart reducing unwanted taxes on poor reduce cost of living would have been a great comeback.....majority are struggling
1 11
Mina Saturday, 31 August 2024 10:44 AM
What tax cut promise we will make you to fill your tax return next year while resting at home.
1 16
Hard Truth Saturday, 31 August 2024 11:31 AM
Why dont you setup a commitee for the said Tax Buden Commitee now before the election.
1 10
sarath Saturday, 31 August 2024 11:45 AM
even if AKD comes he cannot cut taxes immediately
0 14
Priya Saturday, 31 August 2024 12:54 PM
AKD is not expected to cut taxes. But he can cut unnecessary expenditures. For example: unnecessary overseas travel, or like Rajitha Senaratne proposing to import SUPER LUXURY vehicles for EVERY Member of Parliament. Google: 'Car wars: Yes we want'em'
3 10
Meril M. Sinnasamuy - Economist Saturday, 31 August 2024 01:00 PM
Why not AKD has brilliant professionals who will help him to find alternatives to cut down Taxes laid on the poor.
3 4
Ram P Saturday, 31 August 2024 12:47 PM
President promises to reduce tax burden over next two years - When the President say these fairy tales the listeners must ask him how he is doing these together with increasing wages of all government employees by 25%. At least a journalist must ask the question
1 8
Sen Rajapaksha Saturday, 31 August 2024 12:48 PM
Mr President you are contradicting yourself. You say that NPP policy of reducing taxes is not practical and now you saying that you can do. people fell for these in 20th cenrury but not now. It is time for you to pass the batton to leaders who have fresh minds.
1 8
James Saturday, 31 August 2024 12:58 PM
This promise seems more viable than what others have promised.
1 7
Kumari Sen Saturday, 31 August 2024 07:23 PM
It all depends how the economy is at the time. Ranil once promised that the country will be prosperous in 2048. To utter something as stupid as that is laughable and shows how his mind has degenerated as he ages.
2 2
Dr. K.J. Wijesinghe (Speicalist) Saturday, 31 August 2024 01:03 PM
Sir, in two years' time, some other professionals will rule our nation and completely destroy your systems and develop the nation.
2 11
Buddhist Saturday, 31 August 2024 03:15 PM
After promising many times, Ranil could not even get the foreign loan restructuring agreements signed, and he is now promising other benefits in the future. What has he delivered besides increasing the debt burden by borrowing more since he came to power? With the increased debt burden, it's easy to avoid lines rising for gas and oil.
2 5
Wombata Saturday, 31 August 2024 03:31 PM
Please give Anura chance Mr Ranil
1 8
Nihal Dharmatileke Saturday, 31 August 2024 03:59 PM
Weren’t you mocking at Sajith when he said something similar, your policy statements are remnant of others no one cares about them
1 5
kumari.sen Saturday, 31 August 2024 07:25 PM
After being at the helm in politics for almost 50 years, he is now talking about what he can do. Does he think the electorate is going to believe him?
1 7
SHOULD HAVE STEPPED DOWN AND GIVER RUWAN A CHANCE TO CONTEST UNDER THE UNP TICKET Saturday, 31 August 2024 09:52 PM
FALSE PROMISES, DID VERY LITTLE OR NOTHING FOR THE MAJORITY POOR, UNDERPRIVILEDGED AND THOSE LIVING BELOW THE POVERTY LINE, SO ONLY THE RICH AND FAMOUSE WILL BELIEVE.
2 6
Ian Bertus Sunday, 01 September 2024 01:50 PM
Stupit man. Without cutting down Government costs that are being maintained with our tax monies, he is trying to reduce taxes.. Appointing hundreds of ministers, Advisors,etc This old type of rulers should be wiped out of the political arena.
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