BNP senior leader Barrister Muhammad Jamiruddin Sircar on Friday said keeping the provision to legalize black money in the proposed budget amounts to "promoting corruption."
"If black money can be whitened by giving 15% tax, then there is no difference between us, the honest taxpayers, and them (holders of black money)," he said.
Speaking at a discussion, the BNP leader said the black money made through corruption should be confiscated instead of giving any chance to legalize. “If the black money can be whitened through tax, then you will be encouraged to indulge in dishonesty."
Got black money? Pay 15% tax to whiten it
TIB terms provision for whitening black money 'unconstitutional and corruption-friendly'
Got black money? Pay 15% tax to whiten it
TIB terms provision for whitening black money 'unconstitutional and corruption-friendly'Finance Minister Abul Hassan Mahmood Ali on Thursday placed the proposed national budget for the 2024-25 fiscal year in parliament, keeping a provision of legalizing undisclosed money by giving a 15% tax.
Two years ago, there was a provision to legalize undisclosed money with a 10% tax. However, this provision was later cancelled due to a lack of a good response.
After a hiatus of one year, the finance minister has brought back the option by raising the tax from 10% to 15%.
Sircar, a former speaker of the parliament, urged the government to reconsider the scope for whitening black money. “Please be cautious to ensure that there remains a distinction between one earning money and another getting money easily.”
Bangladesh Sammilita Peshajibi Parishad, a platform of pro-BNP professionals, arranged the discussion program at the National Press Club in memory of former Attorney General AJ Mohammad Ali, who died on May 2 while undergoing treatment at Mount Elizabeth Hospital in Singapore.
Sircar recalled the contributions of AJ Mohammad Ali to the country’s judiciary and paid tribute to his memory.
