Why should banks have varying tax rates - 2

Monday, 18 March 2013 00:00 - - {{hitsCtrl.values.hits}}

This refers to the letter on the above subject published on Thursday. The writer is correct when he says HNB has paid less than 6% when compared to many of the other Banks and even other businesses. It would be very appropriate if Hatton National Bank can respond and educate us how they do Tax Planning in the Bank.

A quick review on the HNB Web I note the Bank’s has a top quality auditor who is a senior partner in PriceWaterhouseCoopers Sri Lanka who would be in a position to respond to how HNB does their tax planning and why they do better than all others in paying very much less taxes than Sampath Bank, BOC and other small and big Banks.

Davinda Dass