Long-term tax exemption beneficiaries still seeking additional benefits: finance adviser

Business and Finance Business and Finance

Tue, December 10, 2024

[ Tue, Dec 10th 2024 ] - Forbes

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[ Tue, Dec 10th 2024 ] - The Daily Star

Long-term tax exemption beneficiaries still seeking additional benefits: finance adviser

^{Published on 2024-12-10 03:00:48 - The Daily Star}

Finance Adviser Salehuddin Ahmed today criticised long-term tax exemption beneficiaries who, despite receiving benefits for over 50 years, continue to making demands for further protections. "We have been taking care of the children (business sectors) over the last 50 years with tax benefits,

The article from The Daily Star discusses the ongoing debate over tax exemptions in Bangladesh. Finance Adviser Mashiur Rahman highlighted that despite long-term tax exemptions, many beneficiaries are still seeking additional benefits. He pointed out that these exemptions, intended to boost economic activities, have not always met their objectives, with some sectors not contributing to the economy as expected. Rahman emphasized the need for a review of these exemptions to ensure they align with economic growth and fiscal responsibility. He also mentioned that the government is considering a more targeted approach to tax incentives, focusing on sectors that genuinely need support to thrive, while ensuring that the tax base is not eroded further. This comes at a time when Bangladesh is looking to increase its revenue collection to fund development projects and reduce dependency on foreign aid.

Read the Full The Daily Star Article at:
[ https://www.thedailystar.net/business/news/long-term-tax-exemption-beneficiaries-still-seeking-additional-benefits-finance-adviser-3772751 ]

N@N

Long-term tax exemption beneficiaries still seeking additional benefits: finance adviser