FAST TRACK DEVELOPMENT STRATEGIES IN DOT POINTS
Posted on October 5th, 2022
Sasanka De Silva Pannipitiya
o Digitalization of all possible activities,
o Create a unique number at birth for all citizens, and it should be their
o National Identity Card,
o Tax Reporting &
o Social security numbers,
o Embrace the Open Market economy,
o Set up a Task Force to educate the masses about the benefits of the market economy on an urgent basis,
o The government should only take care of a few things.
o The national security,
o Monetary,
o Health,
o Education and
o Formulation of national standards & policies,
· Setting up a big and independent income Tax office.
o Independent tax office with sweeping powers,
o Mandatory for everyone eligible to vote to submit their income tax return yearly.
o, Recruit capable investigators with analytical skills.
o All banks and other financial institutions, land and motor vehicle registries, stock exchanges, and other such entities where ill-gotten wealth can be easily hidden should be linked to the income tax authority.
o Work out a system where the big tax office can have access to all the entities above and troll their databases for any unusual but not reported financial activities, but without being a hindrance to their activities and or being overly intrusive.
· Adopt the best available procurement methodology for all future dealings.
· Do away with the current import/export licenses and restrictions.
o Anyone who can fulfil the national standards and requirements should be able to import and/or export without any hindrance.
· Make it illegal to seek, share and or give any information unless only on digital request,
· Setting up an independent Currency Board with a unique possibility of lender of last resort provision.
Sasanka De Silva
Pannipitiya.