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“The economy does not benefit from offering the black money-whitening facility; rather, it causes criminalisation of both the economy and politics,” said eminent economist Muinul Islam yesterday. The government in June last year granted a blanket immunity for whitening black money in a bid to bring them into the mainstream economy and generate more revenues and jobs. Achievements are things you did that had a lasting impact for your company or client.
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He said the government should take actions against the people who don’t whiten black money. He said the results achieved from black money whitening policies in the past had mostly been disappointing in terms of investments and revenue collection. “I don’t support the wholesale scope to legalise black money. This is damaging to the economy because it encourages people to amass black money and then legalise them.”
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The pond still exists in the compound of Ahsan Manjil which was called “Les Jalla” in that time. In the English-French war, French got defeated and all their properties were captured by the English. In the 22nd June of 1757, the French left the trading house with a fleet of 35 boats from the river station of Buriganga in front of Kumartuli. Zahid Hussain said it was true that policy distortions provide incentives for tax evasion leading to the creation of black money. This is particularly a problem in the real estate business where high duties and fees on land registration and deed transfer incentivise undervaluation.
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