State and Scope of Property Taxation in Bangladesh
Section 3: Current State of Property Taxes in Bangladesh
- Learning from the Evidence
Wealth accumulation per adult increased by 3.66 times between 1995 and 2021 compared to the 1.41
times increase in income between the timeframe - wealth accumulation is more than two times faster
compared to income
➤ This justifies the need to focus on wealth taxation more than income taxation
☐ Income inequality is constantly on the rise over the decades
☐ This indicates higher potential for wealth tax collection in comparison to income tax
Income Gini Coefficient
0.499
Per Adult National Income and Per Adult National
Wealth in million dollar
0.505
0.500
0.495
0.490
0.485
0.480
0.475
0.470
0.465
0.458
0.460
0.455
0.482
2008 2010 2012 2014 2016 2018 2020 2022 2024
Source: World Inequality Database (accessed on April 2023)
State and Scope of Property Taxation in Bangladesh
30.00
25.00
20.00
15.00
10.00
5.00
0.00
1985 1990
1995 2000 2005 2010 2015 2020 2025
-National wealth (in million dollar)
-National income (in million dollar)
***National income = Net domestic product + Net foreign income
National wealth = National non-financial assets + Net foreign assets
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