Govt plans to slash tax rate: Planning minister

Planning Minister AHM Mustafa Kamal today said that government is planning to cut tax rate in future with a view to increase revenue.

He said there was no reason why tax rate can't be reduced if government can earn more revenues than now.

The minister came up with these remarks while he met with the Board of Directors of Dhaka Chamber of Commerce and Industry (DCCI) led by its President Abul Kasem Khan at the Planning Ministry on Monday.

Expressing his optimism about attaining SDGs the minister said that to attain SDGs government and private sector need to work together and about $1.31 trillion is needed for achieving the SDG.

Bangladesh is placed at the bottom, ranking 177 in the World Bank's "Doing Business 2018" report, said DCCI President Abul Kasem Khan adding that Bangladesh needs to raise infrastructure to GDP ratio to 5% and "we estimate that Bangladesh will require $320 billion by the Year 2030 for developing reliable, sustainable and affordable infrastructure."

DCCI Senior Vice President Kamrul Islam, FCA, Vice President Riyadh Hossain, Directors Andaleeb Hasan, Kh. Rashedul Ahsan, K.M.N. Manjurul Islam, Engr. Md. Al Amin, Mohammad Bashiruddin, S M Zillur Rahman and Secretary General AHM Rezaul Kabir were also present on that occasion.