Lotteries Board and IRD - Letters to the Editor

Tuesday, 6 November 2012 00:00 - - {{hitsCtrl.values.hits}}

IT puzzles me as to why a 100% Government owned entity like the National Lotteries Board has to seek tax advice to reduce its tax liabilities. The entire surplus of the NLB is paid into the Consolidated Fund. If the tax liability is reduced, the surplus is bigger. Ultimately, the Government gets the same amount whether it comes from the NLB or the IRD.

Anil Fernando

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