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Friday, 01 June 2018 - 16:31
“Debt burden to limit benefits of tax reforms” – Moody’s
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Rating Agency Moody’s says that Sri Lanka’s high debt burden will limit the benefits of recent tax reforms.
 
Moody's observations are mentioned in a report, titled "Sovereigns -- Developing Asia Pacific: Tax base broadening most likely to be effective in countries with strong tax administration".
 
Sri Lanka introduced a new tax law in April this year, hoping to revive the tax collections and close loopholes.
 
However, according to Moody’s Sri Lanka’s debt burden is quite large.
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