High taxes and interest rates stifle investment

The National Board of Revenue (NBR) seeks at least 10 percent higher value-added tax (VAT) collection from businesses each year, regardless of whether their sales grow, according to Riad Mahmud, president of the Bangladesh Association of Publicly Listed Companies (BAPLC). He said the practice has created a “double whammy” for manufacturers already strained by years of overlapping economic shocks.

Raccontata dathedailystar.net