** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Tax waiver to MNCs is self defeating

20 March 2015

Staff Report :Tax Justice Network, a UK based global alliance in a report publish on March 18 denounced the 10 reasons that the multinational corporations (MNCs) are pushing on the LDCS and developing countries to give tax waiver to corporate bodies while suggesting more tax on poor can overcome revenue shortfall EquityBD, which an ally of the network from Bangladesh is similarly opposed to the push to give tax waiver to corporate bodies and such support the rich policies, as such actions would only make the poor poorer to multiply social and income inequality. Big Multinational Corporations (MNCs) across the world make profits beyond imagination in developing countries. These corporations control the governments in subtle way and demanding tax waiver ignoring the negative impact of such policies in the society.But international financial institutions like World Bank and IMF are supporting such policy advocacy by way of their advice to increase the rate of VAT which is applicable to all items of livelihood and to be more payable by the poor than the rich.

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