Morning News Comments 07/08/2015
Statement (Finance Committee)
July 8, 2015 In the name of God the Merciful statement issued by the Finance Committee in the Iraqi Council of Representatives on the Federal Court's decision on the law of the general budget (2) for the year 2015.
The Federal Supreme Court decided to rule on 07/06/2015 unconstitutional articles.
Article (4) concerning authorized to transfer between chapters of the budget.
Article 13 First:
(c) relating to the contractors install the permanent staffing.
e - included re-laid-off against the backdrop of security incidents.
f install contractors with the Independent Electoral Commission.
(g) the introduction of grades and the addition of allocations at the adoption of the National Guard and the law People crowd the nucleus of the composition.
~~~
Statement (Finance Committee)
July 8, 2015 In the name of God the Merciful statement issued by the Finance Committee in the Iraqi Council of Representatives on the Federal Court's decision on the law of the general budget (2) for the year 2015.
The Federal Supreme Court decided to rule on 07/06/2015 unconstitutional articles.
Article (4) concerning authorized to transfer between chapters of the budget.
Article 13 First:
(c) relating to the contractors install the permanent staffing.
e - included re-laid-off against the backdrop of security incidents.
f install contractors with the Independent Electoral Commission.
(g) the introduction of grades and the addition of allocations at the adoption of the National Guard and the law People crowd the nucleus of the composition.
~~~
Article (33) the imposition of taxes on cigarettes and alcoholic beverages.
Article (41) calculating allocations to the board of the popular crowd to ensure the involvement of (0.5%) of the population of every Iraqi province.
Article 46 banks exception Islamic Help Central Bank own capitals banks.
Article (47) give priority national maritime carrier.
Article (50) on the articles of the Central Bank of Iraq, and capping the sale of hard currency B (75) million Dolarvi auction day with exercise justice in the sale of currency and claim the bank to provide documents within thirty (30) days from the date of purchase of the currency and the use of other banking tools to protect the dinar.
Article (55) Exchange amount to maintain the displaced and trapped within the provinces,
(Nineveh, Salahaddin, Anbar).
The Federal Court has caused its decision as follows:
(The material above does not not originally exist in the bill referred to or those texts that have been changed significantly, as it was in the project, and this measure is contrary to the principle foundation adopted by the Constitution, and that these changes and that was her imperative reasons,
but he needs to be in accordance with the mechanism and the formulas set by the Constitution in Articles (60) paragraph (ii) and (62) paragraph (ii), was a requirement of the House of Representatives refer to the Council of Ministers to take the approval of the changes he intends to be made to the budget bill or remodeling project to him, to study the proposals) end quote.
Finance Committee would like to clarify the following:
that the House of Representatives a vital role and articular in our Parliamentary referred to in Article (1) of the Constitution, and its role inherent in the legislation of laws based on the provisions of Article 61, paragraph (i) of the Constitution,
and that these legislative power to give it the right to amend the proposed texts by the government in its projects to no more than the cost implementation of laws, and this is what was followed by the Council of the amendment and the addition of the general budget law.
It was on the court that notes that the council reduced the budget of approximately (six trillion dinars) after what he saw that this expenditure is necessary.
The Council in March of Representatives constitutional powers provided for in Article 62, paragraph (ii) of the Constitution, and held the reduction mentioned and transfers between chapters of the budget,
based on the article mentioned, which states (of the House of Representatives may conduct transfers between parts of the general budget), but when the Council applying this constitutional article and held a carry in Article (4) of the budget law The decision to cancel that article,
note that the government did not prove what is the fundamental change was the Constitution recognizes to must take the government a say in transfers was never text and the legal principle that the absolute being launched,
in addition to what has been Mnaqlth of the amounts of the doors in the budget and approve the disbursement enters enters the door waste of public money,
it has been transferred those amounts to the board of the popular crowd and to the displaced, and denounce this material those funds will be returned to the pockets of corrupt,
Where is the justice of it and what is the public interest, this is a big question we ask in front of people.
pain generate in the minds of the issued decision to cancel the popular crowd allocations and displaced mean the withdrawal of support from fighting terrorism and also means that millions of displaced people You will not find shelter and food, and all this result in the interest of Daash.
The Federal Court in its decision that they have seized a constitutional right of Parliament and launched by the government and established a new position we get it from the Parliament before the rejection option or acceptance of the law the next budget and what this from the repercussions of the situation political and social country.
was the Finance Committee and a clear role in the introduction of economic reforms on the budget bill something that everyone can afford noticed.
In order to disclaim responsibility before God and before the people, we issue this statement, which shows the position of the Finance Committee of the above decision.
Peace, mercy and blessings of God.
Finance Committee
http://ift.tt/1KTllTu
~~~~~~~~~~~~~~~~~~~~~
Trade talks with the US side to develop economic and trade relations between the two countries
Article (41) calculating allocations to the board of the popular crowd to ensure the involvement of (0.5%) of the population of every Iraqi province.
Article 46 banks exception Islamic Help Central Bank own capitals banks.
Article (47) give priority national maritime carrier.
Article (50) on the articles of the Central Bank of Iraq, and capping the sale of hard currency B (75) million Dolarvi auction day with exercise justice in the sale of currency and claim the bank to provide documents within thirty (30) days from the date of purchase of the currency and the use of other banking tools to protect the dinar.
Article (55) Exchange amount to maintain the displaced and trapped within the provinces,
(Nineveh, Salahaddin, Anbar).
The Federal Court has caused its decision as follows:
(The material above does not not originally exist in the bill referred to or those texts that have been changed significantly, as it was in the project, and this measure is contrary to the principle foundation adopted by the Constitution, and that these changes and that was her imperative reasons,
but he needs to be in accordance with the mechanism and the formulas set by the Constitution in Articles (60) paragraph (ii) and (62) paragraph (ii), was a requirement of the House of Representatives refer to the Council of Ministers to take the approval of the changes he intends to be made to the budget bill or remodeling project to him, to study the proposals) end quote.
Finance Committee would like to clarify the following:
that the House of Representatives a vital role and articular in our Parliamentary referred to in Article (1) of the Constitution, and its role inherent in the legislation of laws based on the provisions of Article 61, paragraph (i) of the Constitution,
and that these legislative power to give it the right to amend the proposed texts by the government in its projects to no more than the cost implementation of laws, and this is what was followed by the Council of the amendment and the addition of the general budget law.
It was on the court that notes that the council reduced the budget of approximately (six trillion dinars) after what he saw that this expenditure is necessary.
The Council in March of Representatives constitutional powers provided for in Article 62, paragraph (ii) of the Constitution, and held the reduction mentioned and transfers between chapters of the budget,
based on the article mentioned, which states (of the House of Representatives may conduct transfers between parts of the general budget), but when the Council applying this constitutional article and held a carry in Article (4) of the budget law The decision to cancel that article,
note that the government did not prove what is the fundamental change was the Constitution recognizes to must take the government a say in transfers was never text and the legal principle that the absolute being launched,
in addition to what has been Mnaqlth of the amounts of the doors in the budget and approve the disbursement enters enters the door waste of public money,
it has been transferred those amounts to the board of the popular crowd and to the displaced, and denounce this material those funds will be returned to the pockets of corrupt,
Where is the justice of it and what is the public interest, this is a big question we ask in front of people.
pain generate in the minds of the issued decision to cancel the popular crowd allocations and displaced mean the withdrawal of support from fighting terrorism and also means that millions of displaced people You will not find shelter and food, and all this result in the interest of Daash.
The Federal Court in its decision that they have seized a constitutional right of Parliament and launched by the government and established a new position we get it from the Parliament before the rejection option or acceptance of the law the next budget and what this from the repercussions of the situation political and social country.
was the Finance Committee and a clear role in the introduction of economic reforms on the budget bill something that everyone can afford noticed.
In order to disclaim responsibility before God and before the people, we issue this statement, which shows the position of the Finance Committee of the above decision.
Peace, mercy and blessings of God.
Finance Committee
http://ift.tt/1KTllTu
~~~~~~~~~~~~~~~~~~~~~
Trade talks with the US side to develop economic and trade relations between the two countries
He met Hashim Mohammed Hatem, Director General of the Department of Economic Relations at the Ministry of Commerce Deputy Economic Counselor at the US embassy in Baghdad, was discussed during the meeting in the development of trade and economic relations between the two countries.
Hatem confirmed that during the meeting emphasized to overcome all the problems that hinder the work of American companies in Iraq, in addition to the development prospects of cooperation between Iraq and the United States with respect to Iraq's accession to the World Trade and develop the skills and capabilities of Iraqi negotiators in this aspect Organization.
Stressing the need for the active participation of US companies in session 42 to the Baghdad International Fair for this review because of the positive effect on the activation of cooperation between the two countries in the field of investment and trade.
For his part, Deputy Economic Counselor at the US Embassy was delighted to participate in the next session of the Baghdad International Fair, stressing that he would approach the concerned authorities for the purpose of taking the necessary measures.
Stressing at the same time willing Economic Section at the Embassy of the United States of America the sustainability of cooperation and work with the Ministry of Commerce and the strengthening of relations between the two parties.
Posted By: Site Management | Date: 07-07-2015
http://ift.tt/1KTlnuA
~~~~~~~~~~~~~~~~~~~~~
Zebari, Iraq is keen to fulfill its financial obligations for international oil companies
[tlm724] this is good, Zebari reassuring Shell that they will get paid and also pushing the issue of capturing the gas to make Iraq more money ! All good things
~~~
Asian Investment Bank
[tlm724] the most prominent encourages and invites to join is that the investment bank aimed at infrastructure, this What the country lacks
[tlm724] But going into this area need to be focused study of the importance of joining or not and this requires familiarity with visions experts and specialists in this field,
[tlm724] that right it has to done right and with full commitment !
[tlm724] The presentation Aq has obligations as other countries that deal with the two institutions Wars Monetary Fund and World Bank, so it requires caution when the lineup to compete with institutions
[tlm724] we find it necessary to organize a round table organized by the Central Bank in cooperation with the Iraqi private banks association to discuss the benefits and risks of foot to join
[tlm724] it encouraging to see them actually thinking about this before they do it !
[tlm724] it's not critical for us one way or the other but it will be a big step for their banking system. I always say if you are going to do something then do it right !
~~~
An invitation to study Iraq's accession to the length} {Vta
[tlm724] at a time when the House of Representatives and awaits the arrival of draft legislation on the central bank to comply with US tax law (Vta) before the middle of next September,
[tlm724] which is an acronym for "Foreign Account Tax Compliance Act" as measures limiting evade US citizens from paying taxes to the Government of the United States, and entered several countries in this Convention recently
[tlm724] Saleh told the "morning" that there thousands of Iraqis are now holding US citizenship and most of them are making an income in Iraq
[tlm724] the central bank to submit draft legislation between Iraq and the United States on tax compliance with US law (Vta) for submission to the House of Representatives in the coming period to decide before the fifteenth of September 2015
[tlm724] He said the benefit to the need to examine the Parliamentary Finance Committee the subject full length as well as he needs to international cooperation and financial relations with the United States accurate and detailed, indicating the need of the Iraqi reforming the tax system.
[tlm724] Salih stressed, that the study of the subject in the Finance Committee and cooperation with the United States is important but it should be at the same time so rational as well as the Americans want to international cooperation and the protection of their interests
[tlm724] as well as the Americans want to international cooperation and the protection of their interests
[tlm724] indeed we do ! Wink
Hatem confirmed that during the meeting emphasized to overcome all the problems that hinder the work of American companies in Iraq, in addition to the development prospects of cooperation between Iraq and the United States with respect to Iraq's accession to the World Trade and develop the skills and capabilities of Iraqi negotiators in this aspect Organization.
Stressing the need for the active participation of US companies in session 42 to the Baghdad International Fair for this review because of the positive effect on the activation of cooperation between the two countries in the field of investment and trade.
For his part, Deputy Economic Counselor at the US Embassy was delighted to participate in the next session of the Baghdad International Fair, stressing that he would approach the concerned authorities for the purpose of taking the necessary measures.
Stressing at the same time willing Economic Section at the Embassy of the United States of America the sustainability of cooperation and work with the Ministry of Commerce and the strengthening of relations between the two parties.
Posted By: Site Management | Date: 07-07-2015
http://ift.tt/1KTlnuA
~~~~~~~~~~~~~~~~~~~~~
Zebari, Iraq is keen to fulfill its financial obligations for international oil companies
[tlm724] this is good, Zebari reassuring Shell that they will get paid and also pushing the issue of capturing the gas to make Iraq more money ! All good things
~~~
Asian Investment Bank
[tlm724] the most prominent encourages and invites to join is that the investment bank aimed at infrastructure, this What the country lacks
[tlm724] But going into this area need to be focused study of the importance of joining or not and this requires familiarity with visions experts and specialists in this field,
[tlm724] that right it has to done right and with full commitment !
[tlm724] The presentation Aq has obligations as other countries that deal with the two institutions Wars Monetary Fund and World Bank, so it requires caution when the lineup to compete with institutions
[tlm724] we find it necessary to organize a round table organized by the Central Bank in cooperation with the Iraqi private banks association to discuss the benefits and risks of foot to join
[tlm724] it encouraging to see them actually thinking about this before they do it !
[tlm724] it's not critical for us one way or the other but it will be a big step for their banking system. I always say if you are going to do something then do it right !
~~~
An invitation to study Iraq's accession to the length} {Vta
[tlm724] at a time when the House of Representatives and awaits the arrival of draft legislation on the central bank to comply with US tax law (Vta) before the middle of next September,
[tlm724] which is an acronym for "Foreign Account Tax Compliance Act" as measures limiting evade US citizens from paying taxes to the Government of the United States, and entered several countries in this Convention recently
[tlm724] Saleh told the "morning" that there thousands of Iraqis are now holding US citizenship and most of them are making an income in Iraq
[tlm724] the central bank to submit draft legislation between Iraq and the United States on tax compliance with US law (Vta) for submission to the House of Representatives in the coming period to decide before the fifteenth of September 2015
[tlm724] He said the benefit to the need to examine the Parliamentary Finance Committee the subject full length as well as he needs to international cooperation and financial relations with the United States accurate and detailed, indicating the need of the Iraqi reforming the tax system.
[tlm724] Salih stressed, that the study of the subject in the Finance Committee and cooperation with the United States is important but it should be at the same time so rational as well as the Americans want to international cooperation and the protection of their interests
[tlm724] as well as the Americans want to international cooperation and the protection of their interests
[tlm724] indeed we do ! Wink
[tlm724] I think that legislation combating law money which recently admitted laundering will help Iraqi legislator frequently in this area
[tlm724] The economic US sources said that law enforcement will not pose a threat to Arab financial institutions, as the rejection of these financial institutions to the law will lead them to the local downturn, where you will lose the ability to deal with foreign counterparts, or even with local financial institutions that comply with the law.
[tlm724] , as the rejection of these financial institutions to the law will lead them to the local downturn
[tlm724] Some countries have decided to make a deal banks with US IRS directly, what makes their financial institutions subject to "Alvta", or face sanctions
[tlm724] maybe Shredd will comment on this one
[tlm724] which the United States will take against banks and countries that do not reveal private accounts Americans have deduct 30 percent of their accounts of US banks,
http://ift.tt/1NOESnm
[tlm724] The economic US sources said that law enforcement will not pose a threat to Arab financial institutions, as the rejection of these financial institutions to the law will lead them to the local downturn, where you will lose the ability to deal with foreign counterparts, or even with local financial institutions that comply with the law.
[tlm724] , as the rejection of these financial institutions to the law will lead them to the local downturn
[tlm724] Some countries have decided to make a deal banks with US IRS directly, what makes their financial institutions subject to "Alvta", or face sanctions
[tlm724] maybe Shredd will comment on this one
[tlm724] which the United States will take against banks and countries that do not reveal private accounts Americans have deduct 30 percent of their accounts of US banks,
http://ift.tt/1NOESnm
via Dinar Recaps - Our Blog http://ift.tt/1KTllTy
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