Scope to Legalise Laundered Money Highly Immoral: CPD

Center for Policy Dialogue on Friday slammed the government’s financial year 2022-23 budgetary initiative to facilitate legalisation of laundered money abroad, reports media.

CPD came up with the observation at a post budget briefing on the proposed national budget for 2022-23 financial year at a city hotel on the day, citing that the initiative was highly immoral and would encourage money laundering from Bangladesh more and more.

CPD executive director Fahmida Khatun said that the scope of legalising laundered money would not bring any revenue for the government.

It would also demoralise other people who regularly pay taxes, she said.

CPD distinguished fellow Mustafizur Rahman said that the move to facilitate legalising laundered money was ethically, economically, and politically unacceptable.

The taxation measures of the government would give relief to the rich people but would not provide any respite to the low-income and middle-income people who were suffering hard amid the global price spiral, said Mustafizur.

CPD research director Khondaker Golam Moazzem said that the proposed budget had identified the problems but lacks measures to address them.