Friday, 27 January, 2023

Civil society forum calls for giving emphasis on direct tax

Civil society forum calls for giving emphasis on direct tax

A forum of civil society organizations led by EquityBD Sunday urged the government to give more emphasis on direct tax instead of imposing VAT on commoners.

At a press conference at the National Press Club here they also called upon the government to take effective steps to arrest blank money in the next budget.

Monowar Mostafa of Development Synergy Institute, Asgar Ali Sabri of Action Aid Bangladesh, Aminur Rasul Babul of Upkuliya NGO Jote and Badrul Alam of Bangladesh Krishok Federation spoke at the press conference.

The forum placed 13 recommendations to improve the fiscal regime taking examples from neighbouring countries.

The demands include- mandatory bank statement from all dual citizens, tax and bank transparency agreement with different countries, making all transactions more than US$ 2000 compulsory through banking system and TIN, publication of white papers on Bangladeshi's Malaysia Second Home Program and publication of white papers on stock exchange debacle.

Due to the new VAT law, savings of poor families will be reduced and then the investment toward education and health will be hampered, speakers observed.