Desautels professor on Bangladesh Government’s bank-deposits tax

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In a recent piece for The Daily Star, Desautels professor Mo Chaudhury calls the tax on bank deposits in the Government of Bangladesh’s 2017-18 budget a bad call, and gives six examples that outline exactly why. He acknowledges the ongoing budgetary challenges faced by the country, but counters that taxing bank deposits may send savers towards stocks, real-estate or even the black market, which will just compound the problem.

Prof. Chaudhury also makes the point that taxation of bank deposits is fairly uncommon across the globe, especially when compared to wealth taxation on real-estate, which tends to grow in value over time. In comparison, taxing a resource that doesn’t actually increase (deposits) seems counter-productive.

Read more in The Daily Star