Bangladesh needs proper macroeconomic management to avoid middle income trap
Newly disclosed CAG report says it dodged payment of over Tk 2,200 crore to the exchequer
Bank accounts with upwards of Tk 1 crore in balance are set to face a higher excise duty next fiscal year as the government looks to collect more taxes from the relatively well-off to get close to the lofty revenue collection target.
Wishy-washy -- is what best describes the government’s stance on scaling up its narrow revenue base, which is posing to become the Achilles’ heel to Bangladesh’s growth aspirations.
It is hardly surprising that a premier think tank in the country has once again calculated that the government in all probability will miss its tax collection target.