The Taxation System Between Australia And Bangladesh And...

Question Compare and contrast the taxation system between Australia and Bangladesh and discuss which system is more effective. The essay should also focus on the effectiveness of double taxation treaties of these two jurisdictions. [Introduction] The authority to collect tax is differ from one country to another and their jurisdictions and form of function are also distinguishable. In Australia, the duty to collect revenue lays to the Australian Taxation Office (ATO) along with other responsibility. The role of ATO is to organise and form the tax and the system of superannuation. There are few more rules that have to practice by ATO which includes executing the goods and services tax (GST) as an agent of the Australian states and territories, operating some programs to ensure the transfer of revenue and benefit of that revenue is properly distributed to the whole community, administrating the superannuation system of Australia, managing and controlling of Australian business register. Nevertheless, the ATO derives from the public authority, Performance and Accountability Act 2013 but the accountability is imposed by the Public Service Act 1999. On the other hand, in Bangladesh, the tax administration is mainly practiced by Na tional Board of Revenue (NBR) which was established under the President?s Order No 75 of 1972 and this board is working under the Internal Resources Division of the Ministry of Finance. This NBR is responsible not only for collecting tax but also forShow MoreRelatedThe Taxation System Between Australia And Bangladesh4110 Words   |  17 PagesQuestion: Compare and contrast the taxation system between Australia and Bangladesh and discuss which system is more effective. The essay should also emphasis on the effectiveness of double taxation treaties of these two jurisdictions. Answer: Taxation is a scheme where one or more individual or a company or a group of companies or similar legal entities paying certain amount of money from income, product or service to the government to progress the country?s infrastructure. The intention of impositionRead MoreBangladeshs Trade Barriers in Global Perspective - a Comparative Analysis11770 Words   |  48 Pagesfrequently benefits the poor especially. Many developing countries have high tariffs. Since early 1980s Bangladesh promoted trade mainly through removal of structural obstacles to production and trade. In this paper a number of measures to determine crosscountry Trade Barrier were discussed. Though the methodology adapted by Dr Raihan got especial treat as it is current and relates to Bangladesh. 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