The recent VAT hike on clothing in Bangladesh strains businesses, consumers, and designers, especially with Eid approaching. Alternative measures like taxing luxury items or offering subsidies could have balanced revenue generation and economic sustainability more effectively.
VAT hikes burden the poor; improving tax compliance offers a fairer solution.
Tax and VAT hikes now will only increase economic woes.
The recent VAT hike on clothing in Bangladesh strains businesses, consumers, and designers, especially with Eid approaching. Alternative measures like taxing luxury items or offering subsidies could have balanced revenue generation and economic sustainability more effectively.
VAT hikes burden the poor; improving tax compliance offers a fairer solution.
Tax and VAT hikes now will only increase economic woes.
