• April 19, 2024

Ugly taxes in Sri Lanka

 Ugly taxes in Sri Lanka

Some analysts believe that Sri Lanka’s society considers tobacco and alcohol users to be ‘ugly people’, according to a story in The Island.

And because of their lowly status, tobacco and alcohol users are easy game for those wanting to increase tax revenue.

They cannot protest.

Unsurprisingly, a proposal for ‘another’ tobacco-tax hike has been sent by the Cabinet to the Finance Ministry for consideration.

Current plans are to raise tobacco taxes to 90 percent of the retail price from a little over 70 percent.

Tobacco has been out of favor for some time in Sri Lanka and President Maithripala Sirisena, a former health minister, has pushed for tighter labeling requirements.

The Island said that tobacco use had fallen in the country ‘over the years’, but it gave no details.