Raising direct tax key to reducing inequality
Economists say personal income tax could be raised to 3.1% from current 1% in proportion to the country’s gross domestic product
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Economists say personal income tax could be raised to 3.1% from current 1% in proportion to the country’s gross domestic product
Five state-run economic zones have received $22.17 billion investment proposals, which are expected to generate employment opportunities for around 8.16 lakh people.
Low private investment, poor tax collection, inadequate investment in the education and health sectors, and improper distribution of social safety net are four fault lines currently weighing on Bangladesh’s economy, said a top economist yesterday.
Development projects of the government have now turned into a way of looting money in Bangladesh, said Debapriya Bhattacharya, a distinguished fellow of the Centre for Policy Dialogue (CPD).
Bangladesh lags far behind in financial inclusion as nearly half of its adult population still remains unbanked.