Corporate Tax Transparency Issues and Concerns in Bangladesh

Khondaker Golam Moazzem, Shah Md Ahsan Habib and Chowdhury Fariha

No 38, CPD Report from Centre for Policy Dialogue (CPD)

Abstract: Corporate taxation’s transparency concerns have drawn regulatory bodies’ and policymakers’ attention. Global corporate income tax remains a key revenue source, shaping economic behaviour and resource distribution. However, profit-shifting practices have led to tax evasion, avoidance, and money laundering, impacting government revenues and development goals. Developing countries like Bangladesh face severe socio-economic consequences from these practices. In Bangladesh, the magnitude of tax loss reaches a staggering BDT 842 billion, representing a substantial 30.2 per cent of the total economy. Tax evasion is responsible for a tax loss ranging from BDT 418 billion (15 per cent estimate) to a staggering BDT 2,230 billion (80 per cent estimate).

Keywords: Corporate Tax; Tax Transparency; Income tax; Tax evasion; Money laundering; Tax avoidance; Bangladesh (search for similar items in EconPapers)
Pages: 40 pages
Date: 2023-08
New Economics Papers: this item is included in nep-acc, nep-ger and nep-iue
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Persistent link: https://EconPapers.repec.org/RePEc:pdb:report:38

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