Sri Lanka, Sept. 6 -- As Sri Lanka searches for ways to increase government revenue without placing further pressure on salaried workers, tax expert Suresh Perera of KPMG says there are significant areas where the country may be missing out on potential tax income.

Perera argues that the Government should look beyond PAYE taxation and examine gaps in the existing tax framework - including offshore transactions involving Sri Lankan businesses and the sale of shares in resident companies.

Last week, Perera highlighted concerns over the relatively limited tax exposure of Sri Lanka's online betting and gaming sector.

This week, he has focused on a more complex issue: multinational companies selling offshore holding companies that own valua...