Collection of value-added tax (VAT) grew by 17 per cent last fiscal year (FY) despite multiple challenges on both external and domestic trade fronts. Though the government adopted austerity measures amid adverse economic situations, a ...
CORPORATE TAX ABUSE – Bangladesh loses $361m tax a year
Bangladesh is losing $361 million worth of tax annually owing to the shifting of profits by multinational companies, especially into tax havens abroad, according to a report by the Tax Justice Network (TJN). In addition, the country is losing $26 mil ...
ACI eyes stake in digital banking, aviation businesses
The publicly traded conglomerate has to invest Tk10 crore for a stake in the upcoming digital bank In continuation of its exploration for new business windows, ACI Ltd now eyes a 5% stake in a proposed digital bank "Kori Digital Plc", according to ...