Why is black money doesn't turn into white?

Why is black money not white? This question is always heard. Another popular question is that black money is not so white, then why the government repeatedly gives the opportunity?

Then tell a story. There was an extreme defeat in the war. The king asked the general, what is the reason for the defeat in the war? The commander said there were 101 reasons for the defeat. The king wanted to hear one by one. The commander began, 'Sir, the first reason is that we had weapons. But there were no shots. The second reason is .... ’As soon as he said this, the king stopped the commander and said,‘ Stay, there is no need. That should be sufficient enough to defeat the war. "

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'Festival' of showing hidden money



So if black money is not white, if you want to hear the reason, then I can talk about 101. And if you want to know a reason, the answer is 'black money is not white, because black money owners are not afraid.'

Now if you ask the same question to a black money owner, and if he asks the same question, he says, ‘I will not whitewash the money, what will you do?’ What is there to say? And then any more questions can be asked?

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But the owners of the black money were a little scared once. Black money was once given a chance during the military-backed caretaker government. AB Mirza Azizul Islam was then the Finance, Planning and Trade Adviser.

This opportunity was given for only two months in June 2006 and then it was named as a program to legalize undisclosed money. The circular issued on June 4 of that year said, "Any person or company can legalize their undisclosed income or investment for the tax year from the last tax year to the previous five tax years with the prescribed income tax and 5 per cent penalty." In this case, undisclosed land, buildings, cars, money kept in the bank and shares of the company can be legalized.

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There is also an opportunity to make black money white



This opportunity was till 31st July. Later, however, it was extended for two more months till September. It was said that a special team of the National Board of Revenue (NBR) would then go in search and if anyone's undeclared income was found, a maximum fine of 250 per cent would be imposed. Fearing that, some people legalized their undisclosed income. At that time 32 thousand 558 individuals and organizations took this opportunity. And it is valid 3 thousand 85 crore rupees and the government gets revenue of 7 crore 43 lakh rupees.

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When I said the old words, I went back a little further. The first opportunity to whiten black money in the country was given in 1975, under martial law. At that time, under Martial Law No. 6, the deadline for declaring 'tax-unappropriated income' was June 30, 1986. In his 1986 budget speech, then-President and Chief Martial Law Administrator Major General Ziaur Rahman said, "Hopefully, taxpayers will not miss this last chance to declare their undisclosed income." Because, after that, strict legal action will be taken against tax evasion. '

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Black money can be made white by buying flat land



Since then, almost all the governments have given the opportunity to launder black money freely and various threats have been made. But since those threats were limited to speeches, no one showed much interest in whitewashing black money. However, there are two exceptions. For example, when the BNP government was formed after the fall of Ershad government, M Saifur Rahman became the finance minister. In announcing the 1991-92 budget, he said, "I have unequivocally declared that the kind of discriminatory tax exemption that has been given to legalize black money in the past years will be completely abolished by our democratic government in the next five years." There was no chance to whiten.

The second exception was in 2009. The Awami League has formed the government. Abul Maal Abdul Muhith has been appointed as the Finance Minister. He also announced before the budget that black money will not be given a chance. But he was criticized for giving this opportunity in the budget announcement. As a result, he had to explain it. "It is not morally justified to give black money a chance," he told a post-budget press conference. Even then this opportunity is being given to the highest compromise politically. Because, politics is the most skillful strategy of compromise. In politics, all kinds of people and all kinds of interests have to be coordinated. This is the defeat of morality in politics. '

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After this statement of the former finance minister, of course, it is better not to ask why black money is given a chance to be whitewashed. But the problem is elsewhere. And that is the opportunity is given, but no one responds. The question is no response.

I am talking about an official of a government agency. Anonymous owns multiple luxury flats. He himself did not pay any installment for that flat.

In fact he does nothing with his own hands. He did not even take bribe money. The person who will pay the bribe comes by depositing the installment of the flat at his own risk. Now you say, what is his responsibility to legalize these flats? Why would he write his name in the National Board of Revenue (NBR) register? From there, the Anti-Corruption Commission or any other body can know. But no one is coming to catch him. There is no punishment for making black money white. There is no fear if the luck is not too bad. So how can black money be white?

Let me say the beginning again. "Black money is not white, because black money owners are not afraid."

Would anyone still want to know the remaining 100 reasons why black money is not white?