John Keells Holdings PLC (JKH) chairman has called upon the government to ensure a proper balance between economic stability and growth.
JKH Chairperson Krishan Balendra made this after the government announced a number of taxes that affect the corporate sector.
Its flagship project ‘Cinnamon Life’ which includes casino operations is also affected by the new tax regime.
“We urge the authorities to give due consideration to ensuring tax measures are implemented with a view to striking a balance between economic stability and growth, which can, in turn, affect revenue targets if the base levels of activity are impacted significantly,”
JKH Chairperson Krishan Balendra said .