Where the money goes!
Tuesday, 16 September 2008
WE see news in the national dailies including The Financial Express about liquidity shortage in the financial institutions. It is true that under the state of emergency, the politicians, business community and moneyed men remain under known or unknown fear. The National Board of Revenue (NBR) has added fuel to that fear on many occasions for the sake of revenue collection.
There is no denying that the revenue of the government should be increased for the desired infrastructure development. But the present price situation has lowered the real income of the mass people.
Always, the middle-class people become the worst sufferer of any tax collection drive. The moneyed men find their own way to save their money and property because in market economy, money is money. It has no nationality and religion. Water flows down the slope and money goes to safe area.
In reality, perhaps we have not been able to make Bangladesh a safe country for inflow of investment. The policy-makers may think of this and try to reduce tax fear.
Sanaul Haque
521, DOHS,
Baridhara
Dhaka.
There is no denying that the revenue of the government should be increased for the desired infrastructure development. But the present price situation has lowered the real income of the mass people.
Always, the middle-class people become the worst sufferer of any tax collection drive. The moneyed men find their own way to save their money and property because in market economy, money is money. It has no nationality and religion. Water flows down the slope and money goes to safe area.
In reality, perhaps we have not been able to make Bangladesh a safe country for inflow of investment. The policy-makers may think of this and try to reduce tax fear.
Sanaul Haque
521, DOHS,
Baridhara
Dhaka.