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Bangladesh telecoms caught up in $500 million tax row

By   /  October 30, 2016  /  Comments Off on Bangladesh telecoms caught up in $500 million tax row

Author: JULHAS ALAM | APSun, 2016-10-30ID: 1477811923961946400DHAKA, Bangladesh: By government accounts, four foreign-backed cellphone operators owe $500 million to Bangladesh in unpaid taxes. By the companies’ accounts, the figure is closer to $50 million — if it isn’t zero.
As the legal row drags into its fourth year without resolution, telecommunications analysts warn it is putting pressure on the industry that is Bangladesh’s single largest source of revenue, providing $1.43 billion in tax revenues in 2015.
Main category: Business & Economy

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Author: JULHAS ALAM | APSun, 2016-10-30ID: 1477811923961946400

DHAKA, Bangladesh: By government accounts, four foreign-backed cellphone operators owe $500 million to Bangladesh in unpaid taxes. By the companies’ accounts, the figure is closer to $50 million — if it isn’t zero.
As the legal row drags into its fourth year without resolution, telecommunications analysts warn it is putting pressure on the industry that is Bangladesh’s single largest source of revenue, providing $1.43 billion in tax revenues in 2015.

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  • Published: 7 months ago on October 30, 2016
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  • Last Modified: October 30, 2016 @ 3:37 pm
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