Economic Reporter :
The International Business Forum of Bangladesh (IBFB) on Thursday urged the government to reduce corporate tax rate for increasing investment capacity in the country.
“The corporate tax rate is high in comparison to the country’s economy and it should be reduced to keep the economy free from negative impact,” IBFB President Humayun Rashid said at a press conference on budget reaction at Jatiya Press Club.
Humayun said that the proposed budget is realistic but there are challenges for implementation.
“Reduction of the corporate tax rate will lead to the creation of more employment opportunities,” he added.
He said he opposed providing opportunities for whitening black money since it will give a negative message.
“Some conditions should be attached. If the money is used only for creating employment then we can support it.
The International Business Forum of Bangladesh (IBFB) on Thursday urged the government to reduce corporate tax rate for increasing investment capacity in the country.
“The corporate tax rate is high in comparison to the country’s economy and it should be reduced to keep the economy free from negative impact,” IBFB President Humayun Rashid said at a press conference on budget reaction at Jatiya Press Club.
Humayun said that the proposed budget is realistic but there are challenges for implementation.
“Reduction of the corporate tax rate will lead to the creation of more employment opportunities,” he added.
He said he opposed providing opportunities for whitening black money since it will give a negative message.
“Some conditions should be attached. If the money is used only for creating employment then we can support it.
