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It further proposed cutting capital gains tax to 5%, offering a 20% tax rebate on asset-backed securities, and extending tax exemptions for mutual funds.
The report calls for broader capital market development, strengthening the Bangladesh Securities and Exchange Commission (BSEC), reinforcing the state-owned Investment Corporation of Bangladesh (ICB), and improving stock exchange governance.
The proposals were recently submitted to the finance ministry. “We have submitted the report outlining measures needed to develop the market and strengthen the commission,” M Sadiqul Islam, finance professor at Dhaka University and a committee member, told The Business Standard.
