Bangladesh defends VAT hike as crucial for economy, faces criticism for being "inconsiderate."
At a symposium in Bangladesh, officials defended a recent increase in Value Added Tax (VAT) as crucial for economic management, while economist Debapriya Bhattacharya criticized the move, calling it "inconsiderate." Bhattacharya highlighted concerns over indirect taxation, lack of tax strategies, and urged reforms to address economic slowdown and investment issues. The interim government also plans to develop five special economic zones to boost investment.
2 months ago
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