The interim government has decided to cancel the provision of whitening black money as part of reforms in various sectors.
The decision was taken at the weekly meeting of the Council of Advisers held at the state guesthouse Jamuna on Thursday with Chief Adviser Prof Yunus in the chair.
“A decision has been taken to stop this. A clear decision has been taken against the provision of whitening black money,” Adviser on Environment, Forest, and Climate Change Syeda Rizwana Hasan told reporters after the meeting.
NBR brings back individual black money whitening opportunities in next budget
The government has given importance to moral issues instead of whatever money is coming through whitening black money.
Earlier, Transparency International Bangladesh (TIB) expressed shock and disappointment over the 'unethical' provision in the recently announced budget that allows the whitening of black money disguised as undisclosed income.
Junior finance minister gets coy over keeping provision for whitening black money in next budget
The anti-graft watchdog feared that the facility to legalize black money with just 15 percent tax would discourage honest and legitimate taxpayers, as no authority would question the money and assets declared under this provision.