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NBR plans to form revenue think-tank

Jasim Uddin | Published: 00:00, Jan 02,2020

 
 

The National Board of Revenue is going to form a revenue think-tank, incorporating experts, economists and business leaders to expedite revenue mobilisation in the country.

The think-tank will provide recommendations on revenue collection strategy and sources of revenue collection that will help the NBR frame planning and strategy to enhance revenue collection.

Officials said that the platform would be formed under the supervision of the NBR chairman as part of the planned Medium-Term Revenue Strategy (MTRS) supported by the World Bank.

Reconstituted steering committee on MTRS of the revenue board may finalise the names of the think-tank members at its first meeting scheduled to be held today, they said.

A number of experts, economists, bureaucrats and business leaders are under the consideration of the NBR for the expert group, they said.

Former and current bureaucrats, former finance minister AMA Muhith, prime minister’s economic adviser Md Masiur Rahman, former adviser to a caretaker government Akbar Ali Khan, Comptroller and Auditor General Mohammad Muslim Chowdhury, former secretaries Zakir Ahmed Khan and Fouzul Kabir Khan and former NBR members Farid Uddin and Khondaker Md Aminur Rahman may be included in the panel.

Economists and experts, including Centre for Policy Dialogue distinguished fellow Mustafizur Rahman,  Policy Research Institute executive director Ahsan H Mansur, Asian Development Bank consultant Zahid Hossain, Bangladesh Institute of Development Studies director general KAS Murshid, BRAC Institute of Governance and Development executive director Sultan Hafeez Rahman and Dhaka University economics department associate professor Atonu Rabbani may be included as the members of the think-tank.

Metropolitan Chamber of Commerce and Industry president Nihad Kabir and Bangladesh Garment Manufacturers and Exporters Association president Rubana Huq from the business community will be included in the panel.

The steering committee will also consider some other experts, economists and trade leaders for the think-tank.

The expert group will hold at least 10 meetings to prepare their recommendations.

The NBR on December 26 at a meeting with World Bank consultant Faizul Latif Chowdhury discussed the issue of forming the think-tank and other issues related to formation of the MTRS.

At today’s meeting, the committee may also finalise some other issues, including formation of a committee to prepare the draft of the planned MTRS and selecting focal point officials for the strategy.

Officials said that the revenue board would initially prepare the MTRS and then a development plan for three years to implement the strategies.

The World Bank may provide financial support to frame and implement the strategies, they said.

The steering committee will send proposals to the World Bank by January 15, seeking financial support, they added.

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