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Bangladesh needs FDI from tax havens

Bangladesh needs FDI from tax havens

DHAKA: Bangladesh should not discourage foreign direct investment (FDI) that would come from the world’s major tax havens, speakers at a seminar recommended Saturday.

It would help increase the FDI inflow into the country, they said, taking part in the discussion.

Leading think tank Policy Research Institute (PRI) organised the seminar titled ‘Improving Investment Climate: Key Policy Reforms and Institutional Priorities’ in Dhaka.

Bangladesh should look forward to the world’s major tax havens to increase the inflow of foreign direct investment (FDI) in the country, said Syed Nasim Manzur, president of Metropolitan Chamber of Commerce and Industry (MCCI).

“Colour of the money does not matter as long as that money flows into my country,” he said. “From that point of view, the world’s major tax havens can be a good source of investment for us.”

A tax haven is usually referred to a country or jurisdiction that offers favorable tax or other conditions to its taxpayers than that of the other jurisdictions. Tax havens usually have a low-tax or no-tax regime or have generous tax incentives.