Opposition party calls for land concession tax raise

Opposition party whip Son Chhay reiterated his call at a press conference yesterday for the government to raise taxes on economic land concessions from $5 to $7 a hectare up to $70 through an amendment to the draft of the 2013 budget. The Sam Rainsy Party (SRP) whip, who will transfer to the united opposition Cambodian National Rescue Party after next year’s election, says the higher tax rate would be reasonable, given the huge profits companies make from their economic land concessions (ELCs). …

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