[ad_1]
The finance minister further said that at the same time, if individual taxpayers invest money in the capital market, if a 10 percent tax is paid on that investment, no authority, including income tax, will question. Aside from this, the government has an opportunity to launder black money in the economic zones and high-tech parks of the outgoing fiscal year to boost investment. If you invest there, the NBR will not question whether you pay a 10 percent tax on the money invested. This opportunity is available until June 2024.
So far no one has been able to submit the perfect solution, which is not strange. The government did not get much response even after buying a flat in the outgoing financial year. This number was like an arrow.
So far, the country has had the opportunity to launder black money 16 times. About 14 billion rupees have been laundered. However, most of the money was laundered during the provisional government of 2007 and 2008. At that time 32,558 people and organizations took advantage of this opportunity. Then 9,63 crore rupees were legalized.
Ahsan H. Mansoor, executive director of the Institute for Policy Research, said the five-month figure is not promising compared to the estimated amount of black money in the country. Many do not go white for fear that the information will not be confidential in the future. And the Raghabboyals are comfortable trafficking abroad. Steps must be taken to stop the source of black money such as extortion and bribery.
However, the first black money laundering was announced in the country in 1975, under martial law. In his speech on the budget for fiscal year 1986-8, the president and chief administrator of Martial Law, Major General Ziaur Rahman, said: “Many people were unable to take advantage of this opportunity due to various reasons. Given another chance until June. Hopefully, taxpayers won’t miss out on this last chance to report their undisclosed income. Because, after that, strict legal action will be taken in tax evasion cases. During the time of Ziaur Rahman, only 50 crore and 6 lakh rupees were laundered.
