Fictional info for tobacco tax discount

The tobacco companies have started lobbying with the National Board of Revenue (NBR) to get tax reduction in the upcoming National Budget of 2015 – 16 fiscal years on tobacco products, and Cigarette Manufacturers’ Association of Bangladesh (CMAB) has met covertly with the Chairman of the government’s tax collection body for the tax reduction, reads a report on the Daily Jai Jai Din on May 17, 2015 by Mesbahul Haque, an ATMA member.

The report reads that CMAB representatives had met the NBR Chairman twice, secretly at the Chairman’s mini conference room, often used for top secret meetings where media access is denied too, on May 9, 2015 and it is reported that the CMAB representatives have informed that cigarette smuggling has increased in the country for over taxation on tobacco products which is also hampering the native tobacco producers. But recent studies of World Health Organization (WHO) have found that the price of cigarettes is least in Bangladesh comparing the neighboring countries and experts are on the view that due to the lesser taxation, smuggling is continued in the country, states the report.

Besides, bidi factory owners have claimed that taxation on the bidi industry will make unemployed its 2.5 million workers while anti-tobacco organizations have found that the number of active bidi workers is only 65,000. The reports also states that tobacco taxation is a globally admitted way to reduce tobacco consumption and higher taxation will also reduce government’s expenses on health sector. The detail of the report is available on the following link:
http://www.jjdin.com/?view=details&type=single&pub_no=1192&cat_id=1&menu_id=44&news_type_id=1&news_id=180360&archiev=yes&arch_date=17-05-2015

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