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Assignment on Taxation

 Assignment upon Taxation Composition

Inadequate and stagnant earnings yield in accordance with GDP:

We can see the status from the ratio of tax revenue to GDP of Bangladesh in the subsequent table pertaining to last 7years (Source: Bangladesh Economic Review-2010).

Income as % of GDP| 2003-04| 2004-05| 2005-06| 2006-07| 2007-08| 2008-2009| 2009-2010| Total Revenue| 10. 6| 12. 6| 15. 8| 10. 5| 14. 1| eleven. 2| 11. 5| Taxes Revenue| almost 8. 5| 8. 6| 8. 7| almost 8. 3| almost eight. 8| being unfaithful. 0| being unfaithful. 3

Non-tax Revenue| 2 . 1| installment payments on your 0| 2 . 1| installment payments on your 2| 2 . 3| installment payments on your 2| 2 . 2

Analysis:

The ratio of taxes revenue to GDP is very low comparing to different developing countries.

High-ratio of roundabout to immediate tax revenue:

Most of the tax revenue can be from roundabout taxes that happen to be clear from the following desk (Source: Bangladesh Economic Review-2010). Revenue (TK. In crore)| 2003-04| 2004-05| 2005-06| 2006-07| 2007-08| 2008-09| 2009-10| Total revenue| 35400| 39200| 44868| 49472| 60539| 69180| 79484| Tax revenue| 28300| 31950| 36175| 39247| 48012| 55526| 63956| Non-tax revenue| 7100| 7250| 8693| 10225| 12527| 13654| 15528| % of tax to revenue| 79. 94%| 81. 51%| 80. 63%| seventy nine. 33%| seventy nine. 31%| eighty. 26%| 70. 46%| Immediate Tax(DT)| 6239| 6988| 8303| 10275| 12502| 15462| 19516| % of DT to perform tax| twenty-two. 05%| twenty-one. 87%| 22. 95%| 26. 18%| 26. 04%| 28. 85%| 30. 51%| Indirect Tax(IT)| 22061| 24962| 27872| 28972| 35510| 40064| 44440| % of IT to total tax| 77. 95%| 78. 13%| 77. 05%| 73. 82%| 37. 96%| 72. 15%| 69. 49%

Analysis:

An analysis from the revenue in the existing taxation shows that the indirect fees predominate the revenue deliver of the nation. More than 70% of the tax revenue happen to be from roundabout taxes.

Prominence of VAT and Import duty:

In the following table we can see the dominance of VAT and Import duty (Source: Bangladesh Economic review-2010)

Item smart collection| 2004-05| 2005-06| 2006-07| 2007-08| 2008-09| 2009-10| VAT| 33. 2%| 34. 3%| 34. 9%| 35. 4%| 36. 2%| 35. 6%|...

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