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Taxation is not simply about extracting more money from society. It is about defining the relationship between the state and its citizens. Countries do not become middle-income merely because they collect more taxes. They succeed when taxation strengthens the social contract rather than weakens it.
In structural terms, the policy reflects an ongoing evolution in Bangladesh’s financial regulatory framework -- from rigid quantitative controls toward more dynamic, risk-sensitive calibration.
This piece talks about how bad loans, political patronage, and cosmetic accounting turned Bangladesh’s banks into a public crisis.
This first article in a three-part series argues that Bangladesh’s celebrated growth story was always more fragile than it looked. Now that growth is slowing and investment is yielding less, the hidden costs of that model are becoming harder to ignore.
This third article in a three-part series argues how wealth leaves the country, why the gains of growth narrow at the top, and what a fairer settlement would actually require.
Bangladesh is not heading for a crisis, but it faces notable constraints. Inflation remains high but not hyperinflationary. Debt levels are manageable but not insignificant. Institutional guarantees of electoral reform implementation will determine whether this change in government will be long-lasting.
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