Dhaka, March 5 -- Top executives from multinational corporations (MNCs) and local business upshots suggest dialogue between the revenue authority and the corporate sector before taxation as they feel high taxes hamper business and investment.

They also point out that high tax incidence also promotes tax-dodging, while calling for lowering tax rates and casting wide tax nets to augment government revenue receipt.

Such business-government dialogues can bring about a balance where the National Board of Revenue (NBR) meets its tax targets while businesses can operate sustainably without excessive tax burdens.

Speaking at a meet Wednesday, the local and foreign corporate bosses were critical of the existing high effective tax rates in Bangl...