Bangladesh is losing potential taxes from as low as Tk 41,800 crore to as high as Tk 223,000 crore every year because of tax evasion committed by individuals and corporates, said the Centre for Policy Dialogue (CPD) yesterday.

The amount of tax losses rises when tax avoidance is taken into consideration.

“The amount of tax evasion is estimated to be eight times the social safety net and welfare expenditures,” said CPD Research Director Khondaker Golam Moazzem.

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