| dc.description.abstract | The present report endeavours to examine the noteworthy incentives and mechanisms of
tax evasion and avoidance in Bangladesh, as well as strategies for mitigating these issues.
Additionally, efforts have been made to determine the source of tax evasion and avoidance
as well as the extent of their negative effects on Bangladesh's economy. Where there is
"tax" in Bangladesh, there is also "tax evasion" and "tax avoidance." They actually get
along well with one another. One of Bangladesh's main sources of income is taxes.
However, our nation's tax payment culture is really depressing. Our nation lost a significant
amount of revenue as a result of tax evasion and avoidance. which have been seriously
harming our nation's economy. Moreover, the impact of tax evasion and avoidance extends
beyond mere revenue loss. It hampers the government's ability to fund essential public
services, such as education, healthcare, and infrastructure development, thereby impeding
overall socio-economic progress. The unequal distribution of the tax burden, where certain
sectors or income groups evade their fair share, exacerbates existing disparities within the
society, hindering the government's efforts to promote inclusivity and social justice. The
detrimental effects of tax evasion and avoidance are further exacerbated by the unequal
distribution of the tax burden. Certain sectors and income groups, through their evasion of
a fair share of taxes, contribute to the widening disparities within our society. This
regressive phenomenon directly contravenes the government's aspirations for inclusivity
and social justice, hindering its earnest endeavors to create a more equitable and
harmonious socio-economic landscape. In the face of these challenges, the road ahead
demands a united front from policymakers, tax authorities, and the citizens of Bangladesh.
Implementing robust reforms in tax legislation, enhancing enforcement mechanisms, and
fostering a culture of tax responsibility are imperative steps. Consequently, a concerted
and multifaceted approach is imperative to rectify these issues, encompassing not only
legal and regulatory reforms but also initiatives to cultivate a culture of tax compliance and
civic responsibility. In conclusion, the issue of tax evasion and avoidance in Bangladesh is
not merely an economic challenge but a deeply rooted systemic concern that requires
comprehensive and sustained efforts. Addressing the root causes, fostering a culture of tax
compliance, and engaging in international collaborations are indispensable components of
a holistic strategy. By undertaking these measures, Bangladesh can pave the way for a more
resilient and equitable fiscal landscape, fostering sustainable economic growth and societal
well-being. | en_US |
