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Country Rankings - Sri Lanka


  • Aug 18, 2016   Sri Lanka: checks and balances

    Staying in the subcontinent, Sri Lanka has had its fair share of problems in the recent past, including a protracted and brutal civil war, which left many innocent people on this beautiful island terrorized. But it's good to know that a nation state with legal checks and balances still functions. At least, that's the impression I got when reading of the Supreme court's decision to throw out the Government's four percent VAT hike. At a time when certain governments feel justified in making far-reaching changes to tax rules without the consent of the legislature, or certain countries can change their political leadership at the drop of a hat without the consent of the electorate (no names, no pack drill), little Sri Lanka could teach the West a thing or two about democratic government!
    Source: http://www.tax-news.com/news/Sri_Lankan_Court_Shuts_Down_VAT_Hike____71893.html



 

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