Paradoxical fact about tax
Thursday, 16 August 2007
FARSIGHTEDNESS, seasoned with magnanimity, in state management seems to be essential to keep up the wheel of economic progress moving. Frankly speaking, it is not desirable that the businessmen and other well-off people, who positively contribute to the economy through production, export and import and services, and, thus, to the national welfare, should dodge tax to even the minimal extent. But when you compare their contributions to the national prosperity against the social burden constituted by beggars, you would realize that the people in business and services are social assets. They ought to feel encouraged by a liberal government policy on tax and whatever other policies that are congenial for creative initiatives and business-friendly.
One of the major domestic election issues in the US is almost always tax. The Republican Party wants to decrease it to encourage entrepreneurship. The Democratic Party is for enhancing it to have more state money for social welfare. But both groups are patriots. They hold power in the US alternatively. The only difference between them is that they look at their national interest differently.
Insignificant tax dodging may have the effect of reduction in tax for the availability of more wealth at the private level for investing in production. The end-effect, enhanced national wealth from increased production, perhaps adequately compensates for the previous state loss, as increased tax has to be paid against higher income in every subsequent year. The process of economic development seems to be a kind of paradox.
But we must hate from the core of our hearts people who fly away capital from the country. They impoverish the state by their evil action. They are utterly selfish, greedy and devoid of patriotism.
Khaled Hossain
Mirpur, Dhaka
One of the major domestic election issues in the US is almost always tax. The Republican Party wants to decrease it to encourage entrepreneurship. The Democratic Party is for enhancing it to have more state money for social welfare. But both groups are patriots. They hold power in the US alternatively. The only difference between them is that they look at their national interest differently.
Insignificant tax dodging may have the effect of reduction in tax for the availability of more wealth at the private level for investing in production. The end-effect, enhanced national wealth from increased production, perhaps adequately compensates for the previous state loss, as increased tax has to be paid against higher income in every subsequent year. The process of economic development seems to be a kind of paradox.
But we must hate from the core of our hearts people who fly away capital from the country. They impoverish the state by their evil action. They are utterly selfish, greedy and devoid of patriotism.
Khaled Hossain
Mirpur, Dhaka