Bangladesh Constitution has a clear condition that “83. No tax shall be levied or collected except by or under the authority of an Act of Parliament.” So parliament must endorse the new or revisions made in the tax policies during the current financial year other than which were passed by the parliament while adopting the Finance Bill 2017. Though mounting pressure is on raising more revenue from NBR source , but he the ratio of contribution from non NBR revenues has been decreased enormously during last two financial year, and soft targets are given . Non NBR revenues are to coming from public sector corporation service organization and enterprises running commercially. More accountability to be ensured in the SoEs financial functionaries. As they have eaten up most of the foreign aid money and domestic borrowings for their development, they must pay back to the government in terms of SLA repayment. They must deposit the tax and vat they are collecting from the user of their services , of course on behalf of the Government, to the government exchequer on time and should show transparency in their financial health. Effective initiatives are to be taken to make direct tax as the principal source of revenue with a view to ensuring socio-economic development and a society based on equity and justice through removing social disparity. Such initiatives are to be implementable to bring about a principle of equity in overall economic landscape. In the proposed budget, along with enhancing investment and employment opportunities multifarious initiatives have been pronounced to widen tax net. Stocktaking of implementation of initiatives announced earlier Fys are to be evaluated . It may not be perceived as good dividend. Bangladesh tax system is needed to be a reflection of our socio `economic and cultural values rather than the values of the decision maker .. To create a system of taxation, a nation must make choices regarding the distribution of the tax burden—who will pay taxes and how much they will pay—and how the taxes collected will be spent. In democratic nations where the public elects those in charge of establishing the tax system, these choices reflect the type of community that the public wishes to create. In countries where the public does not have a significant amount of influence over the system of taxation, that system may be more of a reflection on the values of those in power to enact law or to enforce collection .