Resource center

0 411
brief-Black-Money-in--BanglBlack money indicates the accumulation of income which is not figured in the account book. It is the aggregated income which are taxable but not reported to the tax authority. That’s why it can be
termed as hidden money. As a result ‘black money’ can not legally take part in the declared and formal business transaction in the economy. It is, therefore, mainly used for kind of unauthorised and
unchallenged transactions or in posh living which, in turn, causes high rise to black market operation. The other terms for this kind of economic activities are informal, irregular, underground, hidden,
unofficial, dual, unrecorded, untaxed and unmeasured economy. It is also called Shadow Economy.
Download the Document [Black Money in Bangladesh] as pdf

0 375
Illicit Financial Flows and Bangladesh Perspective

brief-Whose-money-and-whoseIllicit financial flows are cross-border transfer of funds that are illegally earned, transferred or utilized. It can be generated in a many different ways that are not revealed in national accounts or balance
of payments figures. And it includes trade mispricing, bribery, money laundering, crimes, corruption, smuggling etc. Both companies and individuals can lead this illicit financial flows from one country to
another. The outflow of capital is facilitated by a shadow international financial system, especially offshore financial centres, tax secrecy jurisdictions that is famously known as ‘tax havens’.
More than 200 Multinational companies (MNCs) have been working in Bangladesh and allegedly evading the due taxes through transfer pricing and other tricks and the country is losing a huge amount of
revenue every year. MNCs usually evade taxes through the abuse of transfer pricing or mispricing in different ways including capital flight, transfer of dividend and profit to its permanent establishments
including over and under-invoicing during transactions of goods and services within their associated enterprises
Download the document [Illicit Money Flies off Bangladesh] as pdf

0 467
brief-Who-Will-Bell-the-CatThe weakness of tax administration in Bangladesh is a poor tax collection management. The largest part of the underground economic activities is the tax hiding or evasion by the Multi National Companies (MNC). The capital flight of MNCs occurs through transfer pricing or shifting the money to their head offices, sister
concerns or to the tax heavens. No exclusive research or study so far in Bangladesh showed what amount of money has been evaded by the MNCs out of the payable taxes. Proper and prerogative
initiatives by the government to pull in those taxes being evaded by the MNCs could increase the ratio of direct taxes in the total composition of the national revenue which, in turn, could release the
pressure on the mass people for indirect taxes. To be mentioned that, 75% of the total revenue is presently collected as the indirect tax where VAT (Value Added Tax) is one of the major sources and
the easiest tool for internal revenue mobilization.
Download the document [MNC Tax Evasion in Bangladesh] as pdf

0 381

Geo-Social Context of Bangladesh’s Coast

The coastal areas of Bangladesh is different from rest of the country not only because of its unique geo-physical characteristics but also for different sociopolitical consequences that often limits people’s access to endowed resources and perpetuate risk and vulnerabilities. Coastal areas include coastal plain islands, tidal flats, estuaries, neretic and offshore waters. It extends to the edge of a wide (about 20 km) continental self. A vast river network, a dynamic estuarine system and a drainage basin intersect the coastal zone, which made coastal ecosystem as a potential source of natural resources, diversified fauna and floral composition, though there also have immense risk of natural disasters.

Please download [English]

 

Latest Campaign

0 397
Dhaka, 19 March 2019. Today a group of 18 Rights Based Civil Society Networks have demanded the tax money to invest for establishing women's...