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Rohingya crisis

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  PM seeks OIC support to resolve Rohingya crisis Prime Minister Tarique Rahman today sought support from member states of the Organization of Islamic Cooperation to help resolve the Rohingya crisis. He made the appeal when ambassadors and high commissioners of OIC member countries stationed in Dhaka paid a courtesy call on him at his Cabinet Division office at the Bangladesh Secretariat this afternoon, according to Prime Minister’s Deputy Press Secretary Jahidul Islam Rony. During the meeting, the envoys congratulated Tarique Rahman on assuming office as Prime Minister. The OIC member states also reaffirmed their strong commitment to standing beside Bangladesh and strengthening bilateral cooperation in several sectors, including investment, trade, education, healthcare, textiles, and the pharmaceutical industry. Rony said the Prime Minister welcomed their remarks and, on behalf of the government and the people of Bangladesh, thanked the OIC countries for their continued support. T...
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Higher taxes on top earners could fuel capital flight

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Higher taxes on top earners could fuel capital flight: MCCI president

Raising tax rates for high-income earners may lead to increased capital flight and discourage compliant taxpayers, warned Metropolitan Chamber of Commerce and Industry (MCCI) President Kamran T Rahman.

He made the remarks on Saturday morning during a pre-budget discussion organized by the National Board of Revenue (NBR) at its headquarters in Agargaon, Dhaka. Women entrepreneurs also presented a range of proposals at the meeting, while NBR Chairman Md Abdur Rahman Khan assured that their recommendations would be taken into consideration.

Rahman noted that although more than 10 million Taxpayer Identification Numbers (TINs) have been issued, fewer than half of the holders are submitting tax returns—describing it as a significant weakness in the system. He emphasized that broadening the tax base would be more effective than increasing tax rates.

MCCI Director Hasan Mahmood proposed a 2.5 percent cut in corporate tax and argued for the removal of any minimum tax requirement.

The Women Entrepreneurs Association of Bangladesh also called for enhanced support measures. Its President Nasreen Fatema Awal urged the government to introduce a 3–5 year tax holiday for women entrepreneurs, along with training programs on taxation.

During the discussion, the NBR chairman suggested introducing a fixed VAT rate for women entrepreneurs, stating, “This would eliminate the need for submitting VAT returns.”

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