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Will leave business if tax anomalies not removed: Syed Nasim Manzur
He criticises ‘hostile’ taxation system
Staff Correspondent 19th April, 2021 09:05:16
Country’s entrepreneurs are subjected to a ‘hostile’ taxation system which is detrimental to boosting local and foreign investments, Managing Director of Apex Footwear Ltd Syed Nasim Manzur has said.
Investors are facing stepmother-like behaviour from the authorities concerned, he said, adding that although an industrialist suffers losses, he/she will not be exempted from the tax under the current system.
Nasim Manzur made the remarks while speaking at a webinar organised by Economic Reporters’ Forum (ERF) as a panelist on Saturday.
Speakers for tapping FDI potentials in agro processing, light engineering, blue economy
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DHAKA, April 17, 2021 (BSS) – Speakers at a webinar today stressed the need for reforming the taxation system alongside tapping the Foreign Direct Investment (FDI) potentials in a wide range of sectors like agro processing, light engineering, non-cotton apparel, home textile, blue economy and education in the country to ensure export diversification and smooth LDC graduation.
They also suggested for extending the scope for whitening undisclosed money in the health infrastructure, economic zones, and in other infrastructure sectors alongside the existing sectors to create more employment opportunities.
The participants in the webinar also opined that all the concerned stakeholders need to extend their all-out cooperation to the Bangladesh Investment Development Authority (BIDA) to attract more FDI in the country.