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Strategic priorities, Covid-19 stimulus packages recommended for next budget
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DHAKA, May 9, 2021 (BSS) – Citizen’s Platform for SDGs Bangladesh has proposed a number of fiscal budgetary framework, strategic priorities and state of Covid-19 stimulus packages, keeping in purview the upcoming budget for FY22.
In a virtual media briefing today on national budget for FY22, they said the current Covid-19 situation has adversely affected every citizen of Bangladesh. But, the impact of pandemic on the marginalised and disadvantaged people is much greater. Specific policies are needed for these vulnerable groups and the right direction to implement them, said a press release.
They said employment is being restored with low skills and low-income jobs, extensive under-employment, growing indebtedness and deepening inequality are increasing during the second wave. “Budgetary targets are not realised on both resource and expenditure sides. Apparent stability of the macroeconomic situ
Like to leave business if tax anomalies not removed: Syed Nasim Manzur
Sun Online Desk
19th April, 2021 01:03:27
The entrepreneurs of Bangladesh are exposed to a hostile taxation system which is detrimental for expansion of local and foreign investments, said Apex Footwear Ltd Managing Director Syed Nasim Manzur.
Investors are facing stepmother behaviour from the authorities concerned, he said, adding “Although an industrialist counts loss, he/she will not be exempted from the tax as per current system.”
He made the views while addressing a webinar organised by Economic Reporters’ Forum (ERF) on Saturday.
“Taxation system of Bangladesh is not business-friendly at all. So, business should be stopped. We would like to leave business just tomorrow, if problems are not resolved. The entrepreneurs are liable to count tax irrespective of his profit or loss. On the contrary, non-taxpayers enjoy various facilities. Largest businesses like us are facing bleak situation. We do
Syed Nasim Manzur
The entrepreneurs of Bangladesh are exposed to a hostile taxation system which is detrimental for expansion of local and foreign investments, said Apex Footwear Ltd Managing Director Syed Nasim Manzur.
Investors are facing stepmother behaviour from the authorities concerned, he said, adding “Although an industrialist counts loss, he/she will not be exempted from the tax as per current system.”
He made the views while addressing a webinar organised by Economic Reporters’ Forum (ERF) on Saturday.
“Taxation system of Bangladesh is not business-friendly at all. So, business should be stopped. We would like to leave business just tomorrow, if problems are not resolved. The entrepreneurs are liable to count tax irrespective of his profit or loss. On the contrary, non-taxpayers enjoy various facilities. Largest businesses like us are facing bleak situation. We do not want to continue with this kind of business. Prevalence of tax anomalies will see extinction
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