Salman Fazlur Rahman, the Prime Minister’s Private Industry and Investment Advisor, emphasized the need to encompass all TIN certificate holders within the tax net to enhance revenue generation. Speaking at the inaugural ceremony of the 29th Annual US Trade Show, Rahman underscored the importance of widening the tax net while concurrently lowering tax rates to augment revenue streams.
Rahman highlighted the success stories of countries worldwide that have implemented such strategies, resulting in increased revenue. He urged authorities to extend tax coverage to encompass individuals engaged in business activities, even in rural and upazila areas, under the leadership of Prime Minister Sheikh Hasina.
Addressing concerns regarding the dollar price, Rahman emphasized the necessity of adjusting the dollar’s value to tackle economic challenges effectively. He proposed that trading currencies of countries with high import volumes could alleviate pressure on the dollar, positively impacting export-oriented industries and remittance income.
Rahman further asserted that such adjustments in the dollar price would not exert undue strain on the country’s economy, particularly citing the agricultural sector’s robust performance.
