Sri Lanka postpones approval of foreign casino tax bill

    Published in: Latest IntelligenceSri Lanka’s parliament this week put off approving a tax amnesty for the island nation’s first foreign casino venture after opposition legislators pointed out technical irregularities in the way the bill was presented.The controversial Casino Tax Relief Bill was taken up before 225-legislators on Tuesday. The law would give concessions to a US$350 million project backed by Australian tycoon James Packer’s Crown Limited.Opposition legislator and economist Harsha de Silva told the Speaker of the House that the government failed to share the Gazette, which detailed a 10-year tax exemption to the Crown venture, which is planned for the D R Wijewardena Mawatha waterfront close to the capital Colombo’s Fort area. “This government is trying to hoodwink and mislead the members of this House,” complained de Silva, when Deputy Minister of Economic Development Lakshman Yapa Abeywardena tried to move the Casino Tax Relief Bill on Tuesday. Parliament has...

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