Bangladesh Faces Annual Tax Loss of $355 Million Due to Tax Evasion
Bangladesh is losing an alarming $355 million in tax revenues each year due to corporate profit shifting and tax evasion by individuals, particularly using offshore tax havens.
According to the State of Tax Justice 2024 report, corporations account for the largest share of the losses, shifting $335.9 million abroad, while $19.1 million is lost to individuals evading taxes by holding wealth in foreign properties. This loss represents 21.4% of Bangladesh’s annual health expenditures.
