Bangladesh issues tax break

Bangladesh issues tax break

DHAKA (AFP): The Bangladesh cabinet has approved a proposal to waive taxes on industrial investment, according to a government statement published in major newspapers here yesterday.

A meeting of the cabinet chaired by Prime Minister Sheikh Hasina Wajed also decided that tax officials would not question investors about the source of such investment capital, said the statement issued late Monday.

Official sources said the decision was aimed at bringing a large and unspecified amount of black money back into the mainstream economy.