The High Court says it is 'unfortunate' that global tech giants Google, Facebook, YouTube, Yahoo and Amazon are not paying taxes. The companies must also pay tax returns under the Income Tax Ordinance 1984, the court said. Tax dodging by global companies and their sizeable income from Bangladesh was brought to the court’s attention three years ago. In April 2018, the court ordered the authorities to tax the transactions on Bangladeshi advertisements posted on Google, Facebook, YouTube and other similar websites. The move came amid calls for monitoring the outflow of money through the advertisements on Google, Facebook and YouTube.

Source: bd News24 October 29, 2021 11:59 UTC