Bangladesh, June 12 -- The proposed national budget for fiscal year 2026-27 includes a provision allowing the legalisation of black money, or undisclosed income, without any questions being asked.
Although Chief Whip of Parliament Nurul Islam Moni had initially stated that no such opportunity would be included, the controversial provision has ultimately been retained in the Finance Bill announced by the government.
The Chief Whip had said the proposed budget was intended to protect the poor and would not contain any such provision.
The first budget of the BNP-led government has thus reintroduced the opportunity to legalise black money.
However, unlike previous arrangements, no special tax concession has been offered this time. Undisclos...