• Saturday, Jul 02, 2022
  • Last Update : 04:24 pm

ED: Private universities should not be squeezed for more tax

  • Published at 09:16 am June 6th, 2021
web-education-tuition budget-bigstock

This tax is the opposite of what the government should be doing to aid educational institutions

It is extremely disappointing, to say the least, to see the 15% tax that has been imposed on private universities in the next fiscal year. This is, no doubt, a step backward when it comes to supporting education institutions in the country.

Already, there have been numerous criticisms directed at the budget for its failure to address education adequately and devise ways to support its growth and betterment -- this newspaper too has editorialized this point. Yet, with this hefty tax imposed on private universities, it appears that, once again, the government is failing to do what it fails to do every year -- widen its tax bracket -- and instead, is attempting to generate its tax revenue by squeezing existing sources who are already paying their share.

It is no wonder that the Association of Private Universities of Bangladesh (APUB) said that the proposal to impose the tax has left all stakeholders, including students and their guardians, concerned -- and they have every right to be frustrated and apprehensive. It must also be remembered that private universities are non-profit entities and as such, taxing them at the equivalent rate as for-profit institutions not only makes little sense, but as per Private University Act, 2010, appears to be unlawful as well.

Either way, one thing cannot be denied: This tax is the opposite of what the government should be doing to aid educational institutions -- particularly as a whole generation of students struggles with receiving the right education for their personal growth and development to contribute to Bangladesh in the future. This tax is in no way in line with the avowed pro-growth direction of the budget as a whole.

Facebook 81
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail