An Overview of the Presidential Commission on Taxation 2009/2010

AN OVERVIEW OF THE PRESIDENTIAL COMMISSION ON TAXATION 2009/2010 Based on publicly available documents   Date of Appointment !0 August, 2009   Venue Bandaranaike Memorial International Conference Hall   Members of the Commission Prof. W. D. Lakshman (Chairman) Dr. R. H. S. Samaratunge,  Mr. R. P. L. Weerasinghe  Dr. Saman Kelegama, Mr. Sarath Jayatilleke   Mr. Nihal Fonseka, Mr. Rajan Asirwathan  Mr. B. R. L. Fernando, Mr. Samantha Kumarasinghe  Secretary P.D.K. Fernando Mandate 1.Study country’s tax system and make an assessment as to why tax revenue in relation to GDP has declined over the years and make proposals as to how a tax/GDP ratio that is comparable with other emerging economies could be achieved through a buoyant performance in tax revenue and that will also prevent the need to make frequent changes to taxation. 2.Study various taxes operational at different levels of Government and propose as to how ...