Tax evasion by MNCs, individuals high in Bangladesh: TJN
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Dhaka, Nov. 22 -- The tax abuse by multinational corporations (MNCs) and private individuals in Bangladesh is equivalent to at least three-fifths of the country's health budget, according to an estimate by Tax Justice Network (TJN).
The annual estimated loss in tax in the county due to evasion is US$ 703.40 million (or around Tk 60 billion), unveiled the TJN's latest report titled 'The State of Tax Justice 2020.'
It also showed that the amount is at least 3.50 per cent of the country's total tax revenue. The TJN estimated annual amount of tax revenue at $20.0 billion (or around Tk 1,695 billion).
This, however, appears a conservative estimation as the country's annual total tax revenue collection was recorded at Tk 2,223.56 billion in ...
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