Taxes, Economy, Sri Lanka & the Endless Cycle of Debt
Sri Lanka has decided to increase the Value Added Tax (VAT), this time by 3%, from 15% to 18%. Against this backdrop, it's worth listening to this clip from the hit TV show "The West Wing".
This is Senator Arnold Vinick, a fictional U.S. Senator, during a presidential debate, explaining how the West urges countries like ours to raise taxes to generate more revenue to repay the loans we've taken, resulting in countries like ours being trapped in an endless cycle of debt.
Isn't this what Sri Lanka is doing right now?
#SriLanka #VAT
What an incredible moment! Congratulations to @isro for the successful landing of #Chandrayaan3 on the moon this morning. Today India became the first country to successfully achieve a soft landing on the southern polar region of the moon.
"It said that the company’s values of “fun” violated the ex-employee’s “fundamental right to dignity and respect of private life” and that he was simply exercising his “freedom of expression” by not taking part." - French Court
https://t.co/SptleQTZH5
Our Doors are Open !🏝🇱🇰
Welcome back to Paradise 🙏🏼🪷
The versatile island can once again be the sounding board for all your tropical holiday plans whether you are looking for a journey steeped in excitement or slow, long days embracing the beauty of nature! #ExploreSriLanka
University of Colombo has been Ranked 601 – 800th place among 1799 universities worldwide in the Times Higher Education World University Rankings 2023 while improving from its rank in the previous year which was 801 – 1000th. #THErankings
https://t.co/mwc9DkvEXv
#PonniyinSelvan novel is famous for its characters, history and plot twists. Did you know that its geographical descriptions are accurate?
Come, let us travel along Vandhiyathevan to retrace the hero's journey in modern day Tamilnadu, with google map links and images! (A thread)
What the hell is so special about the Mona Lisa? Why is it so famous?
There are many reasons, but one in particular that you probably haven't heard of.
It's called sfumato...
⏰Are you still completing your Chevening scholarship application?
Why not mark the deadline in your diary – 1 November – and aim to submit it at least one week in advance to ensure there are no last-minute glitches! https://t.co/s3oGwU33At