One has to wonder from where some Bagladeshies come from....Going by the highlighted logic, India feeds china because China is earning close to $4obn from India.
height of Stupidity. :lol:
Your post is very good. The only problem is that it does not contain any fact.
Fact 1: As per my knowledge, BD imposes a minimum of 25% duty on imported RMG. (Got it from official custom website...though it is given in a very confusing manner.)
So it is BD which is trying to protect her...
Stupid headline.
People who are writing such articles must be made aware of WTO trade laws.
No country can have different tax rate on the basis of a Country from where the product is originating.
So this all talk about BD is useless. The duty is on all the countries which are exporting RMG...
Even here 30% is above 10,00,000.....it means for income below 10,00,000 there is less than 30% tax. So in total no body pays 30% of his entire income in taxes.
Please refer section 80 of the Indian Income Tax Act for deductions and exemptions.
This question is factually incorrect. Nobody pays tax @30%. There are plenty of deductions, exemptions and Tax brackets. effective tax comes out to be 15-17%.
And even service tax is not charged on entire value of the transaction (in most cases). For eg. We are paying service tax @12% on...
I do understand.
Almost all the developing countries have huge underground economies (or Black economy).
However, My comment was specifically meant for a particular Bangladeshi Member who argued with me for almost 100 pages that by adopting 2005 as a base year, BD economy will increase by a...