Mick Moore pens op ed on new property tax in Sri Lanka

ICTD Research Fellow Mick Moore wrote an op ed for the Daily Mirror on the “Imputed Rental Income Tax”, a new property tax introduced in Sri Lanka as agreed by the government and the International Monetary Fund (IMF).

Moore said in part: “The new tax will produce little revenue for several years. Worse perhaps, it would directly encourage tax evasion, and make the tax system seem even more unfair, obscure or ridiculous. It would not build the public support needed to make the tax system more effective in the longer term.”

Read the full article, entitled ‘Property Taxes: No Thanks but Many Thanks to the IMF’, here.