The Bangladesh Economic Association has proposed a 70% tax on all tobacco products

In its next budget, the Bangladesh Economic Association (BEA) has proposed a levy on all types of tobacco and cigarettes. 70% tax. The association estimated that doing so would reduce dating. The smoking rate is 66%, which also brings smoking rate to the finance. 17 billion taka in revenue.

 

According to Businesspostbd, the Bangladesh Economic Association (BEA) has proposed a levy on all types of tobacco and cigarettes in its next budget. 70% tax. The association estimated that doing so would reduce dating. The smoking rate is 66%, which also brings smoking rate to the finance. 17 billion taka in revenue.

 

The proposal was presented to the IRD during the pre-budget discussions held at the IRD building on Sunday. (NBR).

 

BEA Aynul, Secretary General, Professor Md Aynul Islam, introduced the budget proposal. Hannana Begum, vice president of the association, attended the meeting.

 

According to the BEA’s proposal, a flat surtax of 70% on all types of tobacco would increase cigarette prices by 130% on average. Smoking rates will go down. 66%. About 7 million smokers will quit, and about 7.1 million young people will become unaccustomed to smoking. The proposal also states that the government’s additional taxes will receive at least 17 billion Taka.

 

The BEA argues that this tax increase; Incomes will rise, which will help the economy recover from the ongoing economic crisis.

 

BEA is the exclusive professional organization of economists in Bangladesh. Its purpose is to protect the collective interest, to interact among economists, to learn the art of teaching and research. There are nearly 5,000 BEA members, covering the country and overseas. Awarded by professionals and professors of universities, schools and banks in 1950 and founded in 2008, it brings together teachers, professionals and others engaged in and interested in the humanities. It is headquartered in Dhaka, the capital of Bangladesh.