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

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 ]