New tax measures for Bangladesh: Relief for rich, burden on low-income people
A large portion of the population will have to pay the minimum tax, despite earning less than USD 3000 a year.
A large portion of the population will have to pay the minimum tax, despite earning less than USD 3000 a year.
The use of a redistributive fiscal policy is a solution to the rising inequality, notes the writer.
"Every year, we allocate funds but we can't utilise the entire amount. Of course, it is a vicious cycle", a former finance adviser states.
Retail prices of wheat flour hit Tk 50.10 per kilogramme in Dhaka in Sept 2022, the highest since July 2008.