High taxes curb investments, says Bangladesh’s Grameenphone (Arun Devnath, Bloomberg, Al Jazeera)

December 28, 2021

Bangladesh’s high tax rate is discouraging telecoms operators from investing further in the South Asian nation as it prepares to adopt 5G technology, according to the head of the country’s largest phone company.

Grameenphone Ltd., which is also Bangladesh’s biggest listed company by market value and majority owned by Norway’s Telenor ASA, pays South Asia’s highest levels of corporate tax at 40%, which hinders efforts to expand services, said Yasir Azman, the company’s chief executive officer. That compares to 22% in neighboring India and 30% in Pakistan, according to industry body GSMA.

High taxes curb investments, says Bangladesh’s Grameenphone | Business and Economy News | Al Jazeera

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

High taxes curb investments, says Bangladesh’s Grameenphone (Arun Devnath, Bloomberg, Al Jazeera)

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