Although no exact figures exist on how much money finds its way out of Bangladesh by way of tax evasion, one estimate puts it at around $355 million annually, as multinational corporations and business tycoons have for many decades, been parking funds in tax havens abroad. It is not just tax havens
Environment, forest and climate change adviser to the government has instructed the city's super shops not to use polythene bags but arrange for the biodegradable and environmentally friendly alternative. The environment advisor is well known nationally and internationally for her environmental act
For decades, Bangladeshi economists and tax experts have been demanding the scrapping of the provision for allowing black money --- money not shown in tax files or amassed remains untraceable or cannot be backed up by any legal documentation--- to be legalised by paying a flat fee. The reasons are
At a recent seminar titled "Challenges in Reforms in Energy and Power Sector" on September 4, two of the country's leading energy sector experts, BUET Professor Dr. Tamim and Dr. Ijaz Hossain spoke. Dr. Ijaz presented the key note paper in which major issues plaguing the energy and power sectors we
Although there has been much talk about free trade agreements (FTAs) in the offing between Bangladesh and other nations, things aren't as simple as that. FTAs are a tortuous process - takes years to sift through the demands and expectations of parties involved. Hence, the country would benefit if p
The Environment, Forest and Climate Change minister, reportedly, has asked the relevant authorities to furnish a list of public buses "having over 20 years (of) their economic life, in an effort to control air pollution in the capital." Could this be the first step in an effort to bring to heel the
The premise on which import taxes were cut on a host of essential items in a bid to lower prices in kitchen markets in Bangladesh has essentially backfired. In the process, the national board of revenue (NBR) has lost earnings and no cost benefit has been passed on to end users. The only gain here
It is unfortunate for Bangladesh that the majority of the critical infrastructures inevitably end up being delayed. The latest to fall foul to this trend is the single-point mooring (SMP) project launched in 2015 and was slated to be completed in 2018. The three-year project is now gong to ta