Legalising black money: Kamal drops hints of continuation
Staff Correspondent
Staff Correspondent
The controversial move to legalise untaxed money with ease, which was absent in Finance Minister AHM Mustafa Kamal's proposed fiscal measures for the next financial year, might continue, after all.
"If [the step] is profitable, we will try to continue it. We will see one more month before taking any decision," Kamal said at a post-budget media briefing yesterday.
The option to legalise untaxed income was always present in some form but in June last year, Kamal had expanded the ambit for it.
At present, black money can be whitened by investing it in any sector and without facing any questions on the source of the funds. This opening is due to close at the end of the current fiscal year on June 30.