What is it about?
The article aims to rely on the global wealth chains theory to study the effect of tax amnesty on anti-money laundering (AML) in Bangladesh. This theory is an analytical framework intended to identify how wealth is repackaged and disguised to move it out of spheres of state oversight, regulation and taxation. It introduces the law on AML in Bangladesh, pointing out the revised Financial Action Task Force (FATF) recommendation that has expanded the scope of money laundering predicate offences to cover both indirect and direct tax crimes and smuggling in relation to customs and excise duties and taxes.
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Why is it important?
This article addresses how tax amnesties in Bangladesh are used to whiten black money in an effort to contain tax evasion.
Perspectives
I find this article useful in understanding how different countries are coming up with measures to prevent tax evasion. This article focused on the Bangladeshi experience. I hope other researchers will use this article as a base to explore the concept of tax amnesties in other countries and as a result contribute towards the vast literature on tax amnesties.
Miss Laila Abdul Latif
Rachier & Amollo Advocates
Read the Original
This page is a summary of: The effect of tax amnesty on anti-money laundering in Bangladesh, Journal of Money Laundering Control, May 2014, Emerald,
DOI: 10.1108/jmlc-04-2013-0011.
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