At present, taxpayers show their undisclosed assets in their tax returns through investment in apartments, buildings and economic zones and high-tech parks.
The WB measured VAT losses based on an analysis of the VAT gap -- an estimate of the overall difference between theoretical VAT revenue and the amount actually collected.
The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters
The recently updated Income Tax Act (2023) is an opportunity to increase income tax collection by expanding the tax base through improved compliance and tax services, it said in its Bangladesh Development Update report
Finance Minister Abul Hassan Mahmood Ali said about World Bank's emphasis on reforms
Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report
The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation
The World Bank Wednesday released $250 million to support bankrupt Sri Lanka's tough economic reforms
With major indicators showing stress in the economy, there is no good news in the investment flow too as investors now prefer to stay away from taking new projects or expanding their existing capacity.
World Bank will provide Bangladesh a loan of $102 million to improve navigability of the Jamuna river and protect the river bank.
We need to invest in renewables now
Project delay has been a persistent problem, but it is not an irreversible one
The World Bank has agreed to provide a loan of $2.25 billion to Bangladesh
World Bank report shows
The World Bank Group is set to provide Bangladesh with upwards of $2 billion every year over the next four years to help the country gear up for its next phase of development.
Attempting to tackle poverty and climate change simultaneously could lead some governments to make costly and counterproductive decisions.
Though eucalyptus was eradicated from the public forest land, social forestry continues at a very high cost to natural ecosystems.
Bangladesh should be careful about falling into the middle-income trap, said Axel van Trotsenburg, the World Bank’s managing director of operations.
The World Bank yesterday delivered yet another bad news for the economy as the Washington-based multilateral lender pared back Bangladesh’s growth forecast for this fiscal year by 1.5 percent to 5.2 percent.