tax gap needs to be widened to list multinational companies

In the next budget, it will be proposed to increase the tax gap between listed and unlisted companies to 15%, said Prof Shibli Rubaiyat-ul Islam, chairman of the regulatory body Bangladesh Securities and Exchange Commission (BSEC).

He was speaking as the chief guest at a press conference on the occasion of a road show in Dubai at BSEC’s own office in Agargaon on Tuesday.

The chairman said the corporate tax gap needs to be widened if multinational companies are to be listed on the capital market. Earlier, the non-list tax gap was 10 per cent, but in the current budget it has been reduced to 7 per cent.

As a result, multinational companies are losing interest in being listed on the capital market. Therefore, in order to bring multinational companies to the capital market, the corporate tax gap between these two categories needs to be widened.

Sunbd/NJ