Saturday, July 12, 2008

Grameenphone is the largest tax payer because ...

How many times have we not heard Grameenphone advertising that its the highest tax payer. Hence it plays a significant part in the 'development' of Bangladesh.[Photo]

Here is where things are a little messy. They were involved in illegal VOiP business which let them siphon of more money outside. So they are the highest taxpayer because they evaded even more taxes. Makes sense?

Political view
Lets not bring politics into this scenario, but, correct me if I am wrong. There are people currently in jail because they miscalculated that their wealth. (such as valuing your home less/more than its worth, but the judge folds on the accusers' valuation). Discrepancies as low as Tk, 1,000,000 ($14,200) can land that person and this entire extended family in jail. This is after being held without any charge.

Now even after fining GP $50 million why hasn't there been a single arrest in GP? GP were raking in so much money through VOiP, that their first quarter profits dipped 32% the moment they were told to cease these operations.

Telenor, may pay the highest taxes, but more money lands outside than inside Bangladesh.

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