Revenue-loss

It is not about exploiting loopholes in the law. Looting is taking place through direct violations of the law. When everyone from elected representatives to government officials becomes part of the same web of corruption, the state’s accounts show only losses. A major fraud has taken place involving a vehicle purchased under a duty-free facility. Through the abuse of power and in exchange for bribes, several crore taka in government revenue has disappeared. The market price of a 2020 To...

Disciplinary action has been taken against two tax officials of the National Board of Revenue (NBR) after allegations of misconduct, revenue loss and taking bribes were proven. Of them, Deputy Tax Commissioner Lincoln Roy has been permanently dismissed from his job. Assistant Tax Commissioner Jannatul Ferdous Mitu has been denied promotion for eight years. The information was disclosed today, Wednesday, through two separate notifications issued by the Internal Resources Division of the Mi...