Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Saturday, December 15, 2018 05:00:51 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Civic groups call for stopping capital flight

By
14th-Jun-2018       
Comments
Share your thought
Post a comment »
Read all () »

UNB, Dhaka :
Speakers at a human chain proramme on Wednesday urged the government to emphasize on income tax instead of VAT (Value Added Tax) for revenue mobilization and implementing 2018-19 national budget.
They raised voice on inefficiency of bank sector and demanded to strengthen central bank to stop capital flight and ensure governance in financial Sector.
Twenty right based civil society networking organizations (CSOs) coordinated by EquityBD organized the human chain in front of the National Press Club in the city on Wednesday.
Md. Ahsanul Karim of EquityBD read out key demands in the programme moderated by Mostafa Kamal Akand, Networking Coordinator of the same organization. Among others, Badrul Alam from Bangladesh Agriculture Federation, Jayed Iqbal Khan, Syed Aminul Hoque from COAST Trust and Rezaul Karim Chowdhury from EquityBD spoke in the event.
Md. Ahsanul Karim demanded to increase corporate tax as direct tax rather than VAT as indirect tax and also to increase the minimum tax free income from Tk 2,50,000 to Tk 3,50,000.
He also recommended for strengthening central bank to establish governance in financial sector as well as to establishing central bank control over the banks and forming a strong bank commission to save people money.
He demanded publication of white papers of Bangladeshi's in Malaysia 2nd Home Program as well as publication of white papers and report on stock exchange debacle, plundering of money from public banks, and Bangladesh Bank money heist.
Syed Aminul Hoque said that revised VAT slab will increase VAT rate and increase burden for poor because they enjoy these lower slab of VAT. Failing to collect income tax from trade and big economic activities, government banked on poor for revenue which is an injustice, he added.
M Rezaul Karim Chowdhury said that Finance Minister did not keep his commitment in respect to setting up a neutral and a strong bank commission thereby helping the bank owners to plunder more public money from banks
He also said that due to reduce bank corporate tax of 2.5%, government will lose about Tk 100 crore as extra revenue which will indeed make the bank owners more rich.
Md. Badrul Alam said that government has reimbursed more than Tk 10,000 crore as capital refilling from 2006 to 2017 to the state-run banks who are suffering from capital deficits because of corruption mostly done by the different companies (Hallmarks, Bismillah Group, Crescent Leather, etc) and supported by politically appointed directors of those banks.
Kader Hajari of Arpan said that government is heavily relying on VAT collection which is 33.7% excess target than FY 2017-18.
He also mentioned that government has emphasised on collecting income tax from individuals rather than corporates. It is about 58.4% excess target set out for individual income tax whereas the corporate tax is set 15.9% higher than that of the FY 2017-18. The government has not enhanced tax free income level and it will create extra burden for middle income earning people and the poor, he added.

Tariff
Add Rate

News Archive

Inside The New Nation

Entertainment »

Mim`s new movie Thai Curry


Sheikh Arif Bulbon :End of this year is becoming something new for the National Film Award winner actress Bidya Sinha Saha Mim. At the end of this year, she has started shooting of a new movie. Now she is staying in Bangkok to take part in shooting of the movie. ...

Business & Economy »

In presence of Mohammed Monirul Moula, AMD of Islami Bank Bangladesh Limited, Abu Reza Md. Yeahia, DMD of the Bank and Dr. M. Easin Ali, Chairman of Dhaka City Physiotherapy Hospital, exchanging an agreement signing document at the Banks head office in the city on Wednesday. Under the deal, VISA and Khidmah Card holders of the Bank will get attractive discount in treatment services of the Hospital. Top officials from both the organizations were also present.


.

Cricket »

Malinga named captain for ODI, T20I series against New Zealand


Sri Lanka pacer Lasith Malinga, who until recently was out of favour with the selectors, has been appointed as the captain for the upcoming ODI and T20I series against New Zealand. He replaces Dinesh Chandimal, who led the side in the recently concluded ODI series and Thisara Perera, who captained ...

International »

US Senate votes to end support for Saudi-led Yemen war, blasts crown prince


The US Senate dealt President Donald Trump a double blow over Saudi Arabia on Thursday, approving a resolution to end US military support for Riyadh's war in Yemen, and another holding the Saudi crown prince responsible for the murder of Jamal Khashoggi.Though largely symbolic, the two bipartisan measures deliver a ...

International »

Islamic State not defeated, just transforming: Experts


Even as the last pockets of resistance in eastern Syria hold their ground, the Islamic State group is shapeshifting into a new, but no less dangerous, underground form, experts warn.Also known as ISIS, or the Islamic State in Iraq and Syria, the group had long been ready to cede the ...

Editorial »

Time to avail the golden opportunity to explore Japan`s rich market


BANGLADESH wants to explore the potentials of sending skilled workers to Japan as the country is likely to open its job market for foreign workers. The matter is likely to be raised at Foreign Secretary-level talks scheduled to be held on December 17 in Tokyo.Foreign Secretary M Shahidul Haque and ...

Editorial »

Involve the youths in decision making process


A RECENT survey rightly indicated that unified and quality education system for all is imperative to turn today's youth into skilled manpower for future Bangladesh. Ahead of the 11th National Election, the survey findings clearly echoed the youth voice who emphasised meritorious teacher recruitment at primary school to tertiary level ...

International »

Pompeo says journalist Khashoggi`s death still being probed


Reuters, Washington  :U.S. Secretary of State Mike Pompeo on Wednesday said investigations into the killing of Saudi journalist Jamal Khashoggi were still ongoing but that the United States would hold those found responsible accountable for his death.Pompeo's comments to Fox News echoed U.S. President Donald Trump's stance on the killing ...

Sports »

Memphis Grizzlies guard Mike Conley (11) drives against Portland Trail Blazers guard Damian Lillard in the first half of an NBA basketball game in Memphis on Wednesday.


.

Entertainment »

Chanchal, Shahnaz Khushi pair up in new TV serial


Sheikh Arif Bulbon :Viewers always enjoy the on screen chemistry between National Film Award winner actor Chanchal Chowdhury and popular TV actress Shahnaz Khushi. In their acted TV play or telefilm or faction play, there must have a message for the viewers. For this reason, viewers always show their keen ...

Editorial »

Outstanding performance of our farmers


FARMERS of Pirojpur district have successfully used marshlands to grow up paddy saplings which would help meet sapling shortage in the waterlogged areas during paddy cultivation. In the district, farmers devoid of sapling during the Boro season as most uplands, where Boro seedlings usually grew, have been used for cultivating ...

International »

France hunts gunman after three killed at Strasbourg Christmas market


AFP  :Hundreds of police hunted Wednesday for a gunman who shot dead three people and wounded 13, eight seriously, at a famed Christmas market in Strasbourg, on the French border with Germany.The attack took place Tuesday around 8 pm (1900 GMT) in the heart of the medieval city as the ...

City »

A faction of BFUJ and DUJ staged a demonstration in front of the Jatiya Press Club on Wednesday in protest against closure of 54 online news portal.


.

Cricket »

Mashrafe regrets not getting another 20-25 runs after loss


UNB, Dhaka :Bangladesh lost the second ODI of the three-match series on Tuesday at Sher-e-Bangla National Cricket Stadium to the Windies by four wickets. The hosts' captain Mashrafe Bin Mortaza regrets more 20-25 runs at the end of the match.Bangladesh posted 255 for seven wickets in the first innings after ...

Entertainment »

Priyanka Gope in discussion with her new song


Sheikh Arif Bulbon :It is mostly happened in case of many singers where despite having outstanding lyrics and mind blowing composition many songs do not hit among the music lovers. For this reason, many singers cannot create attention among the listeners. National Film Award winner singer Priyanka Gope has rendered ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news