Bangladesh is losing more than $703 million every year because of tax abuses committed by multinational corporations and private individuals, according to a new report.

The State of Tax Justice 2020 report showed that the global tax abuse by multinational corporations costs the country $674 million annually. Another $29 million is lost due to tax avoidance by the individuals.

The loss is equivalent to 3.5 per cent of total tax revenue of Bangladesh, 61.89 per cent of the health budget and 13.95 per cent of the education spending.

https://www.thedailystar.net/business/news/bangladesh-loses-703m-year-tax-abuse-multinationals-individuals-1999525