TAX INCENTIVES AND INDUSTRIAL DEVELOPMENT IN BANGLADESH: AN EVALUATION OF POLICY IMPACT ON SECTORAL GROWTH
Journal: INTERNATIONAL JOURNAL OF RESEARCH -GRANTHAALAYAH (Vol.7, No. 7)Publication Date: 2019-07-31
Authors : Mohammad Munayem Chowdhury;
Page : 321-330
Keywords : Tax Incentives; Industrial Policy; Local Investment; Economic Development;
Abstract
Tax incentives are tools used worldwide to enhance domestic and foreign investment and enhanced investment leads to expected economic growth. This study is an attempt to review the industrial policies and direct tax incentives of Bangladesh to have a deep insight on the congruence among them and also show some indirect impact of tax incentives on development through analyzing some fiscal and investment data. Content and document analysis method has been used to accomplish this study. Sources of data were the industrial policies, tax codes and economic surveys of Bangladesh and some scholarly articles. By reviewing some tax related aspects of industrial polices and existing direct tax incentives provided by the tax authority, it was found that incentives suggested by industrial policies and actually provided tax incentives are almost same and the changing pattern of priority sectors have been shifted to infrastructure, power and technology sectors. By observing some investment and GDP related data it is found that local private sector investments are dominant over FDI and the manufacturing sectors contribution to GDP are increasing and consistent in last 13 years.
Other Latest Articles
- To boldly go where no one has gone before in organ transplantation: Changes in mating behaviour and buffalo burger eating preferences of giant forest ants after successful brain transplant from American cockroaches
- Pulmonary embolism in young age
- Difficulties in systemic sclerosis diagnosis on the example of clinical case
- Stant restenosis in a patient with vazorenal arterial hypertension
- Management of patient with famil ial combined hyperlipoproteinemia: a case study
Last modified: 2019-08-13 12:54:02