Bangladesh Court Rules Yunus-Founded Charity, Upholding €48.5 million Tax Claim

Bangladesh’s High Court has ruled that Grameen Kalyan, a charity founded by Nobel laureate Muhammad Yunus, never held shares in Grameenphone Ltd. and so can’t treat it’s profit share from the mobile operator as tax-advantaged dividend income. The decision backs a roughly 6.7 billion taka (€48.5 million) tax demand from …