Excise on bank account balance to discourage depositors
Posted by on Tue, Jun 06 2017 11:25 am
The additional excise duty imposed on bank accounts in the proposed budget will discourage people to keep their money with banks, said TIB chief Monday, reports UNB.
Executive Director (ED) of Transparency International Bangladesh (TIB) Dr Iftekharuzzaman also said, "Of course, excise duty proposed in the budget will pose a negative impact...it'll discourage general depositors to deposit their money in banks," he said at a meeting at the Anti-Corruption Commission's (ACC) head office in the capital.
Replying to questions from reporters, the TIB chief said the government must rethink the proposed hike in excise duty.
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