Friday Nov 15, 2024
Friday Nov 15, 2024
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
