Bangladesh is losing $361 million worth of tax annually owing to the shifting of profits by multinational companies, especially into tax havens abroad, according to a report by the Tax Justice Network (TJN).
Rising economic inequality in Bangladesh is not an inevitable phenomenon.
While the government is distracted by elections, the financial economy will suffer
Fighting tax evasion, preventing trade-based illicit financial outflows and ending the culture of money laundering and loan defaults is a much more sustainable solution to adding to foreign exchange reserves than taking foreign loans on interest.
The High Court grants six months’ bail to BNP lawmaker Harunur Rashid in a corruption case in which he was sentenced to five years’ imprisonment by a lower court, clearing the way for his walk out of jail.