Sri Lanka, June 7 -- Industry professionals have expressed mixed views following the government's call for proposals to strengthen Sri Lanka's medium- and long-term revenue strategies, with submissions open until June 16.

Think tanks, universities, professional bodies, private sector institutions, registered NGOs, and individuals have been invited to submit recommendations to the Ministry of Finance as authorities seek to raise state revenue to 20% of GDP through improved efficiency and an expanded tax base.

Against this backdrop, representatives from the tourism and export sectors presented contrasting perspectives on the country's fiscal priorities.

Tourism sector backs formalisation drive

The Hotels Association of Sri Lanka (THASL)...