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Excessively high taxation of Sri Lanka telecom firms in recent years had hurt investment in rural areas but internet use had gone up sharply during the Coronavirus pandemic, the regulator said.In 2016 and 2017 telecommunication industry was paying 49.67 percent effective tax and in 2018 it was reduced to 37.7 percent by then government and it was further cut to 22.6 percent in 2020.
