Existing tax system has become a major hurdle to Bangladesh’s fiscal progress

While indirect taxes are relatively convenient and efficient in terms of collection, they mostly disregard the principles of fairness and certainty.

Bank defaulters or tax evaders receive a number of amnesty and benefits for whitening black money.

The government's excessive reliance on indirect taxes such as value-added tax (VAT) is putting a higher burden on low-income individuals, leading to a rise in poverty and inequality, according to the findings of a study released yesterday.