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Sri Lanka Equity Forum » Stock Market Talk » BUDGET 2017

BUDGET 2017

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1 BUDGET 2017 on Tue Nov 29, 2016 5:36 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
all what i see is tax ..........tax,,,,,,,,,,and nothing but tax.........................! bottom line will diminish ! consumer spending will be record low ...........! no one will want to make saving in the bank because you will be taxed when depositing,withdrawing and on interest as well ! any thoughts on this or am i just panicing ............!!!!!!!!!!!

2 Re: BUDGET 2017 on Tue Nov 29, 2016 5:49 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@anges wrote:all what i see is tax ..........tax,,,,,,,,,,and nothing but tax.........................! bottom line will diminish ! consumer spending will be record low ...........! no one will want to make saving in the bank because you will be taxed when depositing,withdrawing and on interest as well ! any thoughts on this or am i just panicing ............!!!!!!!!!!!
You are absolutely right. Depreciating rupee, increase in inflation, diminished purchasing power will result in overall lower economic growth. May be next move by the GOVT would be to provide MPs with Rolls Royce cars and a minimum monthly wage of at least US$10,000 ++++, so that they will not be affected by rupee depreciation. Disgusting!!!!

3 Re: BUDGET 2017 on Tue Nov 29, 2016 6:59 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
If consumer spending is going to be record low how can they collect intended Tax amounts ?

4 Re: BUDGET 2017 on Tue Nov 29, 2016 7:54 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
TV bill recd in this month.
Monthly Package price Rs.1099
Taxes: 
Undercharged government taxes
Recovery in lieu of NBT for other services
Other government levy
Teleco levy
Value added tax
Total tax charge is Rs.671.33 which is 61% of monthly package value. No confused

5 Re: BUDGET 2017 on Tue Nov 29, 2016 8:11 pm

sureshot

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Chinwi wrote:If consumer spending is going to be record low how can they collect intended Tax amounts  ?


with the help of traffic police....

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