Bangladesh telecoms caught up in $500 million tax row

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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