Tariffs

Advocata collaborates with Yamu to calculate tax on your cake -- it's 35%

Advocata collaborated with food media website Yamu to produce this video that calculate the tax of a butter cake. The calculations are elaborated on our interactive page

This is to highlight the high impact of import tariffs on everyday food items and how much of the import tax forms as a proportion of the sales price.

On Sunday Leader : SL has a long way to go in removing para-tariffs

The Sunday Leader quotes an Advocata Institute event on attracting Foreign Direct Investment (FDIs):

think tanks and economists lament that Sri Lanka has a long way to go in removal of para-tariffs (taxes over and above normal tariffs) and trade liberalization to make Sri Lanka a haven for investments. 

To attract Foreign Direct Investments (FDIs) for Sri Lanka, its burgeoning Indian Ocean Island economy, should cut barriers to trade and investment, top trade economist Prof. Prema-Chandra Athukorala said at a forum organized by Advocata Institute, a Colombo-based free market think tank.

“This would form a natural progression from garment manufacture, on which the country is now heavily reliant. Sri Lanka’s protectionist trade policy and erosion of confidence in the legal system are key factors that have discouraged investors resulting in a decline in Sri Lanka’s share in world manufacturing exports from around 2000,” he said.

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