Dhaka, Feb. 17 -- Companies have been found as paying a higher tax after listing in the stock market, compared to what they paid as non-listed firms, though there is a tax incentive for public entities.

The ICB Capital Management dug it up in a study on income tax payments made by 12 companies before and after listing, establishing that tax revenue collection would get a boost if more and more companies were listed.

Experts also insist that listing leads to better governance and financial transparency and ensures support from the regulatory bodies, when needed, in improving efficiency of the business entities.

The 12 companies, which were part of the research, went public between 2014 and 2018. The average annual tax paid by these comp...