Unlisted tax jitters frizzle CSE rally; analysts flag spillover fears
Morning gains on the Colombo Stock Exchange (CSE) evaporated sharply in afternoon trade yesterday, as a wave of nervous selling swept through the market triggered by speculation that the government is mooting a fresh 10-15 percent tax on unlisted corporates. Although the proposed levy is currently targeted at entities outside the CSE purview, market participants grew wary that the measure could signal a broader shift in fiscal policy, stoking fears of future tax hikes that may eventually engulf listed companies and dent corporate earnings.
https://island.lk/unlisted-tax-jitters-frizzle-cse-rally-analysts-flag-spillover-fears/
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