Women in the 20-39 age cohort are uniquely and severely disadvantaged in the labour market in Sri Lanka. This disadvantage is linked to the current policy of placing the full cost of maternity leave benefits (MLBs) on employers.
The Government could raise an extra Rs. 20 Billion from cigarette taxation in 2020 from the proper implementation of the indexation policy articulated in the 2019 Budget and rational calibration of taxes for all cigarette brands.
At the end of 2018, the EPF resolved to re-enter the stock market despite substantial losses and allegations of mismanagement on EPF’s equity investments in the past. The EPF provides two reasons for the decision: (i) that members will benefit from higher returns; (ii) that the increase in EPF loanable funds will soon outstrip government requirements for additional borrowing. This Insight proves that both these reasons are analytically flawed.
The indexation method introduced in 2019 Budget addresses two pervasive problems in cigarette taxation: (a) lack of regularity and consistency in tax increases, and (b) failure to reduce affordability of cigarettes.