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Why taxing fixed deposit interest makes sense

Jun 10, 2025 2 mins read
Why taxing fixed deposit interest makes sense

A fierce public debate has erupted over the proposed introduction of a 10 percent withholding tax on fixed deposit (FD) interest. While the furore is understandable, given that taxation is never popular, it demands a deeper reflection on what it means to be a self-reliant, middle-income country.

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