To better the nation economically and business growth, Zero Tax for Entrepreneurs, is necessary. To reduce poverty and enlarge the employment rate, the Bangladesh government should make the Tax zero for the first five years of business. It will encourage young people to start their businesses. The article is about SWOT – Analysis of Zero Tax. Here, we have summarized opportunities, threats, strengths, and weaknesses of the existing Zero Tax for Entrepreneurs.
Strength
- Will decrease the unemployment rate
- Will increase purchasing power
- Will reduce the product’s price
- Customer’s satisfaction will be high
- If industries survive, the economy will survive
Weakness
- Less revenue
- Societal needs can be lagging as Government will have less money
- Health issues can be a problem because a large number of people will start smoking if the tax rate reduces
Opportunity
- Encouragement will be high for the startups to invest in their business
- Can be the best environment for SMEs
- Career development
- Profitable country
Threat
- Tax professionals would lose their job
- May inhibit economic growth
Read: What Are The Government’s Benefits Behind Making Zero Tax?
