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BGMEA urges to withdraw source tax for 3 years

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Staff Reporter
Welcoming the new national budget proposed for 2018-19, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Saturday urged the government to withdraw source tax for three fiscal years and bring down corporate tax to 10 percent.
In a post-budget press briefing at the BGMEA building in the city, its President Siddiqur Rahman also said the proposed budget is very business friendly.
"Corporate tax in the banking sector has seen reduction of 2.5% where in the...

Facebook shared user data with Chinese handset makers

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Menlo Park, Jun 6 (AP) - Facebook has acknowledged it shared user data with several Chinese handset manu-facturers, including Huawei, a company flagged by U.S. intelligence officials as a national security threat, as it faces a fresh wave of allegations over its handling of private data.

Global economy is healthy but growth will slow: WB

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Washington, Jun 6 (AP) - The steadily expanding global economy should remain resilient - at least for a cou-ple of years - the World Bank says.
The anti-poverty agency predicted Tuesday that global growth will decelerate from a solid 3.1 percent this year to 3 percent next year and 2.9 percent in...

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