After the massive success of “Toofan” in theatres, Raihan Rafi has joined forces with Bongo to create a new web-series titled “Black Money”.
Parliament yesterday approved a provision that will allow black money holders to legalise their undisclosed wealth without any scrutiny by paying a 15 percent tax, disregarding widespread condemnation from various quarters.
Despite widespread condemnation from economists, watchdogs, businesspeople and even multiple lawmakers, the government is expected to retain the amnesty allowing individuals and businesses to whiten black money without scrutiny by paying a 15 percent tax in the upcoming fiscal year.
By re-launching the initiative, the government seeks to increase the flow of money into the economy, although such measures failed to yield any fruitful benefit in the past.
Prime Minister Sheikh Hasina today supported the budgetary provision for legalising black money saying that it should be brought to the legal network first
NBR chairman in post-budget press conference also said the general mass also demanded for the opportunity
Backtracking on its promise to eliminate black money, the government has once again made room to allow both individuals and companies to whiten money without facing scrutiny and by paying a 15 percent tax, a move that drew sharp criticism from economists and civil society.
What message is the government trying to send with its black money whitening facility?
None will raise question if a taxpayer pays a 15 percent tax for immovable properties
After the massive success of “Toofan” in theatres, Raihan Rafi has joined forces with Bongo to create a new web-series titled “Black Money”.
Parliament yesterday approved a provision that will allow black money holders to legalise their undisclosed wealth without any scrutiny by paying a 15 percent tax, disregarding widespread condemnation from various quarters.
Despite widespread condemnation from economists, watchdogs, businesspeople and even multiple lawmakers, the government is expected to retain the amnesty allowing individuals and businesses to whiten black money without scrutiny by paying a 15 percent tax in the upcoming fiscal year.
By re-launching the initiative, the government seeks to increase the flow of money into the economy, although such measures failed to yield any fruitful benefit in the past.
Prime Minister Sheikh Hasina today supported the budgetary provision for legalising black money saying that it should be brought to the legal network first
NBR chairman in post-budget press conference also said the general mass also demanded for the opportunity
Backtracking on its promise to eliminate black money, the government has once again made room to allow both individuals and companies to whiten money without facing scrutiny and by paying a 15 percent tax, a move that drew sharp criticism from economists and civil society.
What message is the government trying to send with its black money whitening facility?
None will raise question if a taxpayer pays a 15 percent tax for immovable properties
The government is thinking about allowing again undisclosed money to be legalised and laundered money to be brought back home through formal channels in the next budget.