DHAKA -- For Bangladesh, the six months through December amounted to a watershed as a record-breaking $1.2 billion in assets were legalized and thus prevented from ending up parked overseas.
The "unprecedented" response by over 7,500 Bangladeshis to a tax amnesty program that lasts through June highlights how much black money vacations in the South Asian nation's mammoth underground economy, estimated to be as large as 63% of gross domestic product.