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Sri Lanka’s current administration is under fire after sugar taxes were cut to 25 cents from 50 rupees a kilo when one trader in particular had imported unusually large volumes of sugar and sold them far above the cleared price, arbitraging the taxes... The opposition charged that a large commodity trader with close links to the current administration had made large profits by selling sugar above the cleared price, and the Treasury had ‘lost’ 15.6 billion rupees in taxes as a result.
