During the economic collapse, Ranil’s government changed the tax laws to increase PAYE and removed exemptions on various allowances, making almost everything taxable.
However, judges obtained an interim order preventing PAYE from being imposed on their salaries. This happened in 2022/2023. Until the recent order from the Supreme Court, they had continued to drag the matter out.
We also saw, from a payslip, that MPs were apparently not paying tax on their allowances. This was questioned at a government press conference. As I remember, either Bimal or Nalinda agreed to look into it and come back with an answer. However, no one came back, and apparently no one followed it up.
It seems ordinary people are the only ones expected to comply with the tax laws, while lawmakers and law interpreters are finding ways to exempt themselves from the same taxes. What a shame !
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“We must have a vibrant capital market for the next generation,” Hareendra Dissabandara, SEC Chairman said. “Not just shares and bonds, we should be able to deal with digital assets. People are more into cryptocurrency now, we must facilitate that area.”
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gm
it’s been a wild last few days seeing everyone flip-flop their bias and rightly so because of what powell said but i am still of the opinion we get a huge dump in the next 2-3 weeks which would make you question whether the bull market is over
ghost month has started + september seasonality rhymes with it and as much as you think it doesn’t matter or is a meme, this has been working for me for the past 5 years, so i am gonna be a contrarian and stick with it
anything around $100k would be great to bid, which also would give us nice and juicy entries on our altcoins for the imminent altszn in Q4
if my thesis is correct, this upcoming dump would likely be a violent move to the downside, followed by a beautiful recovery to new highs
excited for the next couple of weeks and as always..
goodluck, have fun and don't get liquidated
Everyone is saying now that if a dip comes, it’ll be a buying opportunity and they’ll definitely buy!
But when the dip actually comes, everyone will just sit quietly in a corner and won’t buy😂