President of ‘war criminal eradication committee’ (Ghatok Dalal Nirmul committee), Shahriar Kabir said, Khaleda Zia converted her black money into white by paying Taka 30 Lakh fine. Only because caretaker government came into power people got to know about crores of Taka being smuggled abroad by Tarek Rahman and Coco.
Amid widespread criticism, Finance Minister AMA Muhith today told the parliament that the period for whitening black money would be reduced to one year from proposed three years.
Industries Minister Dilip Barua slammed yesterday the last caretaker government in presence of its two advisers, saying that people's, especially businessmen's, huge money was 'extorted' taking them 'captive' during its two-year regime.
Minister AMA Muhith today came down hard on those who were critical of the provision for whitening black money saying many of them had whitened their money in the past.
Finance Minister AMA Muhith today gave a new formula to whiten money saying both black money holders and honest taxpayers could be allowed to invest in specific sectors at a flat rate of tax.
Finance Minister AMA Muhith yesterday hinted at modifying the budgetary provision allowing amnesty to whiten black money and doing something about tax imposed on mobile phone sets in the new budget.
The government is set to cut its money-whitening offer period only for the share markets, bowing to a massive outcry the proposed 'out-of-the-box' fiscal measure has generated since last week's budget speech.
BNP chairperson and opposition leader Begum Khaleda Zia came under sharp attacks and bitter criticism by the treasury bench members, as the Jatiya Sangsad (JS) yesterday opened general debate over the national budget for fiscal 2009-10 amidst continued abstention by the opposition members.
Finance Minister AMA Muhith today said his proposal to allow whitening of undisclosed money in exchange for 10 percent tax within three years has been interpreted wrongly.
The country has around 2 lakh crore taka of unclaimed or black money. This is around 6 times the government investments and around one third of the total GDP. Federation of Bangladesh Chamber of Commerce and Industries gave us this information.
