Why is tax-GDP ratio so low in Bangladesh and how to raise it?

[salute]

Even better, look up the truck sales. 8500 or something.

And then BBS claims that nearly 8% of BD GDP comes from road transport. Exactly how does this happen?

Nitol Motors, the sole agent of Indian automobile giant Tata Motors, is the market leader in the commercial vehicle segment with 45 percent share.

Ifad Motors, the sole agent of Indian automaker Ashok Leyland, has 41 percent market share in Bangladesh’s automobile sector.

86% are Indian trucks.

 

[SMX 3.0]

India's incredulous data: Economists create own benchmarks

Economists and investors are increasingly showing that they have little or no confidence in India's official economic data – presenting whoever is elected as the next prime minister with an immediate problem.

www.reuters.com

India's incredulous data: Economists create own benchmarks

And what happened to the naysayers now? The same methodology captured the unforeseen 24% pandemic-induced contraction, essentially proving its credibility.

Last time I checked, our growth projections & that of IMF do not vary by 4-5%. Unlike the case with BBS.

 

[salute]

India's incredulous data: Economists create own benchmarks

Economists and investors are increasingly showing that they have little or no confidence in India's official economic data – presenting whoever is elected as the next prime minister with an immediate problem.

www.reuters.com

India's incredulous data: Economists create own benchmarks

India's tax to GDP ratio is still at over 20%. If India played BBS game, it could easily say India GDP is 6 trillion and still maintain over 10% tax-to GDP ratio. But we aren't dumb as them.

 

[mmr]

And what happened to the naysayers now? The same methodology captured the unforeseen 24% pandemic-induced contraction, essentially proving its credibility.

Last time I checked, our growth projections & that of IMF do not vary by 4-5%. Unlike the case with BBS.

Tens of Millions Plunge Into Poverty in Covid-Ravaged India

Tens of Millions Plunge Into Poverty in Covid-Ravaged India

After dipping into his savings to weather India’s snap pandemic lockdown last March, Manoj Kumar was just getting his head above water again earning 600 rupees ($8) a day as a construction worker in the tourist hotspot of Goa.

www.bloomberg.com

 

[salute]

Tens of Millions Plunge Into Poverty in Covid-Ravaged India

Tens of Millions Plunge Into Poverty in Covid-Ravaged India

After dipping into his savings to weather India’s snap pandemic lockdown last March, Manoj Kumar was just getting his head above water again earning 600 rupees ($8) a day as a construction worker in the tourist hotspot of Goa.

www.bloomberg.com

Great. You have resort to poverty stats to feel good about yourself. All thanks to BBS.

 

[SMX 3.0]

As I expected, you got no counterarguments. Not that I expect better from a Bangladeshi illegal immigrant in Canada who works in an Indian restaurant...with ''get humiliation'' kind of STRONK English.

 

[mmr]

Great. You have resort to poverty stats to feel good about yourself. All thanks to BBS.

As I expected, you got no counterarguments. Not that I expect better from a Bangladeshi illegal immigrant in Canada who works in an Indian restaurant...with ''get humiliation'' kind of STRONK English.

slum dog lossing shit


did you find toilet yet

 

[SMX 3.0]

Great. You have resort to poverty stats to feel good about yourself. All thanks to BBS.

Expecting an illegal immigrant who washes dishes in an Indian restaurant to understand statistics is like expecting an illiterate rickshaw driver in Dhaka to understand Quantum Mechanics.

 

[mmr]

Expecting an illegal immigrant who washes dishes in an Indian restaurant to understand statistics is like expecting an illiterate rickshaw driver in Dhaka to understand Quantum Mechanics.

slumdog is upet...

why slumdog country falling behind bd per capita...

 

[Homo Sapiens]

but GDP grew but tax fell sounds absurd.

Nothing absurd here, GDP grew faster than the revenue growth.

India's general govt. revenue and expenditure is twice the level of Bangladesh. India's revenue collection and govt spending is even better than countries like Indonesia, Vietnam, Malaysia, Singapore and Thailand.

General govt. revenue/General govt. total expenditure(2019)
India=20/27 (% of GDP)
Bangladesh=10/15
Indonesia=14/16
Malaysia=21/24
Singapore=18/14
Thailand=21/22
Vietnam=20/23

imf.org/en/Publications/WEO/weo-database/2021/April/weo-report?c=513,534,536,548,576,578,582,&s=GGR_NGDP,GGX_NGDP,&sy=2016&ey=2021&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1

 

[SMX 3.0]

slumdog is upet...

As I told you earlier, I don't care about half of your urban population. Not that I care about the other half as well.

All poodles to be controlled, extracted from & then thrown away.

 

[mmr]

....

 

[SMX 3.0]

yanddo is upset...did you check your yandoo women relatives if they left with muslim man...

Projecting much? Talking about the growing number of Bangladeshi women in Indian brothels?

 

[Homo Sapiens]

India's tax to GDP ratio is still at over 20%. If India played BBS game, it could easily say India GDP is 6 trillion and still maintain over 10% tax-to GDP ratio. But we aren't dumb as them.

Do you think BBS is overestimating Bangladesh's GDP to double? Like tax collection in Bangladesh 19-20% of GDP like India but because of GDP being double counted, tax:GDP showing only 9-10 percent? How can an institute like BBS could master such a feat of creating a thin air economy twice the size of actual? What IMF, World Bank, ADB are doing? They do not publish GDP data of North Korea, Cuba or Syria because of unreliability, why they are publishing for Bangladesh?

BBS also lower their initial estimation, at first they projected 2019-2020 pandemic year GDP growth at 5.24% but now they are saying it actually grown just 3.51%. Why they are lowering it when they can just pubish any rosy number to feel good?

 

[salute]

Do you think BBS is overestimating Bangladesh's GDP to double? Like tax collection in Bangladesh 19-20% of GDP like India but because of GDP being double counted, tax:GDP showing only 9-10 percent? How can an institute like BBS could master such a feat of creating a thin air economy twice the size of actual? What IMF, World Bank, ADB are doing? They do not publish GDP data of North Korea, Cuba or Syria because of unreliability, why they are publishing for Bangladesh?

BBS also lower their initial estimation, at first they projected 2019-2020 pandemic year GDP growth at 5.24% but now they are saying it actually grown just 3.51%. Why they are lowering it when they can just pubish any rosy number to feel good?

IMF and WB just take whatever BBS gives to them and report it. Its not like they conduct independent investigation into the claim. Every country has its own independent evaluator who would look at the numbers and make an assessment call on the same. However with Bangladesh, every organization that is involved in GDP estimation and assessment is govt led. Their reliability is doubtful. Its not like IMF or WB haven't raised their concerns about your data. There is not much they can do other than that.

In any case, BBS can't continue like this, as any further reduction in tax-to-GDP ratio would be an embarrassment to the country. Even sub saharan Africa is doing better than Bangladesh at this point.