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Other responsibilities include administration of matters related to taxes, duties and other revenue related fees/charges and prevention of smuggling. Under the overall control of IRD, NBR administers the excise, VAT, customs and income-tax services consisting of 3434 officers of various grades and 10195 supporting staff positions.
The Minimum Wage Board (Bengali: নিম্নতম মজুরী বোর্ড) is a Bangladesh government regulatory agency under the Ministry of Labour and Employment responsible for recommending changes to the minimum wage, which varies by industry, to the government. [1]
The government of Bangladesh has set an ambitious target of generating 30 million new job opportunities by the year 2030. [3] In its endeavor to improve labor conditions and expand employment opportunities, the Government of Bangladesh has undertaken significant initiatives to establish a specialized entity known as the "Directorate of Employment."
The Bangladesh Institute of Labour Studies (BILS) is a think tank for trade union activity and other labour matters in Bangladesh. It was founded in 1995 to support the building of trade unions and their activities and to promote trade union causes within government and society. [ 1 ]
Central Fund was established in 2015 by the government of Bangladesh according to the labor act passed by the parliament in 2013. The purpose of the fund is to help industrial workers in Bangladesh and is jointly funded by the government and private industry.
Directorate of Labour was established in 1931 by the British Raj government and was upgraded in 1958 by the Government of Pakistan. [2] The directorate was upgrade to a department in 2017. [3] The department has the authority to register unions in Bangladesh and its decisions can be challenged at the Labour Appellate Tribunal. [4] [5]
The theory of optimal income tax on individual labor aims to find the optimal trade-off between the following three effects of increasing taxation: The mechanical effect - an increase in tax-rate increases the government revenue, if no individuals changed their behaviour in response.
Along with decrease in purchasing power, taxes also decrease the relative value of work in relation to leisure time. If a tax is implemented on consumption, the value of spending an hour at work decreases in relation to different activities because the tax decreases the actual amount of goods and services an individual can purchase for a given ...