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Saturday, March 5, 2016

BLC Admin Tlm724 News & Comments  3-05-16  Part 2 of 3

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 BLC Admin Tlm724 News & Comments  3-05-16  Part 2 of 3
 
World Bank pledges efforts to resolve the economic crisis in Iraq

History of edits:: 3.5.2016 12:33 •      {Baghdad} Euphrates News announced Parliament Speaker Salim al-Jubouri, said Saturday that "the World Bank president vowed to make efforts to resolve the economic crisis in Iraq."
 
According to a parliamentary source told {Euphrates News} that "al-Jubouri also revealed during the parliamentary session today for an invitation to the World Bank Group President Jim Yong Kim to visit Iraq and to come to the House of Representatives to discuss the economic problem and ways to address them," .anthy
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[tlm724] "the World Bank president vowed to make efforts to resolve the economic crisis in Iraq."
 
[tlm724] so the IMF and World Bank working in tandem on Iraq's economy, that's special
Re: World Bank pledges efforts to resolve the economic crisis in Iraq Today at 9:02 am
Therealbubbie:     and why ? because they can't get it going on there own .... get rid of the dollar and now we'll really have something special!
 
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 Urgent Jubouri announce the completion of a general amnesty law to a vote in the coming days

History of edits:: 3.5.2016 12:31  {Baghdad} Euphrates News Parliament Speaker Salim al-Jubouri announced during the regular session on Saturday, about the readiness of the amnesty law to a vote in the coming days.
 
According to a parliamentary source told {Euphrates News} Today, that "Parliament Speaker Salim al-Jubouri announced during today's session, the General Amnesty Law is completed," praising "the legal committee of parliamentary efforts," and asserting that "the readiness of the law to a vote in the coming days" .. follow    LINK
   
 [tlm724] al-Jubouri announced during today's session, the General Amnesty Law is completed," praising "the legal committee of parliamentary efforts," and asserting that "the readiness of the law to a vote in the coming days
 
[tlm724] good deal !

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Global companies are looking for a safe environment
3/5/2016 0:00    Chaoui: arbitration and preferred means to resolve tax disputes
 
BAGHDAD - Imad emirate  said the scholar d. Abdullah star Chaoui from the Faculty of Business and Economics at Mustansiriya University: "The indirect taxes in Iraq contribute to a large proportion of funds compared to direct income taxes, so as to get it and easily collected, so Vahmatha increasing day after day."
 
He explained Chaoui in an interview for the "morning "the multiplicity of types of customs duties, excise taxes, sales, value - added, hoped to be imposed in Iraq, have an impact actor in tax revenue development." attracting investment and stressed that Iraq needs to attract investment to achieve economic development through investment climate to provide legal and economic Banazare .
 
He Chaoui does not exist in Arab countries low price equivalent to the tax in Iraq rate of 15 percent, and the most ease the tax burden on the investor mechanisms are modifying the legal texts and the process of tax reform must be a top priority,
 
 the development of a distinct legal mechanism to resolve disputes between the investor and the administration tax and encourage the principle of conciliation and arbitration, because the investor looking for the State where the arbitration system and does not favor the judicial system in which prolonged disputes.
 
Shawi pointed to the pursuit of any tax system to achieve the goals between the financial and economic, social and even political, and vary relative importance depending on the state 's role in social life and the degree of intervention in economic activity,
 
and in spite of the existence of the likelihood and the difference in the degree of importance of these goals on each other, but in the end the financial goal remains to occupy the degree of the lead on the rest of the goals, although there are many kinds of taxes, whether directly or indirectly accounted La Paz where the financing of the budget for different countries ,
 
whether they developed as in Russia, Sweden or developing , as in Jordan and Syria, but in Iraq there are specific types imposed. direct taxes , adding Chaoui that direct taxes are taxes on capital on the occasion of his move from hand to Other, so they do not levied under par tables,
 
but on the occasion of the facts and actions such as the production good or import goods from abroad, they are Atsb directly in charge of the person, but rather paid indirectly Full consumption of goods or access to services imposed by the tax, is a tax is directly if he in charge of the transfer of burden to others , as is happening in the customs tax.
 
He added that the world today was launched by the ideas of globalization and trade liberalization and the removal of restrictions and obstacles to pay for goods and services and capital between countries , without protectionist measures or restrictions of any kind,
 
and that a lot of states I went to the opening up to the world and embraced equality between the foreign investor and national investor in the transaction, no doubt that the removal of these obstacles to investment promotion is an important step.
 
tax breaks and noted Chaoui that tax breaks pursued by the Arab countries, believing that the policy that the tax exemption is an effective weapon to encourage investment because it relieves the investor the burden of performing tax so increase net profit,
 
which makes investors prefer countries which gives him more exemptions, stressing that the policy did not succeed in many countries and for many reasons, including that the temporary tax exemption or a limited duration does not encourage short investment term,
 
who wishes to recover its capital and reap profits in a short time and this is what pubic Egypt, and that the foreign investor to Estvid of the exemption granted by the host country, because the investor belongs to the state implements the principle of universal revenue which means subordination of all income derived by the investor in his country,
 
whatever the country was a source of revenue, making the tax exemption granted by developing countries to the investor, but it is a waiver of tax states for its share of the tax, for the benefit of the state to which he belongs , without the investor to benefit from the exemptions effectively.
 
he pointed out that some of the agreements to avoid double taxation entered into by the countries are trying to mitigate this fact, but these reasons , began to talk in the tax policy towards the rationalization of tax breaks and urge the mechanism to ease the tax burden on the investor 's orientation.

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tlm724:    that a lot of states I went to the opening up to the world and embraced equality between the foreign investor and national investor in the transaction, no doubt that the removal of these obstacles to investment promotion is an important step.
 
tax breaks and noted Chaoui that tax breaks pursued by the Arab countries, believing that the policy that the tax exemption is an effective weapon to encourage investment because it relieves the investor the burden of performing tax so increase net profit, which makes investors prefer countries which gives him more exemptions,
 
Here is what happened in Parliament today:
 
Council completed reading the report and discuss the draft exemption Iraqi and foreign companies implementing investment projects Act of taxes and fees submitted by the finance and economy, investment and legal committees.
 
Interventions in the ladies and gentlemen of Representatives demanded Rep. Nora Albjara readmission bill to the government for drafting again.
 
He MP Jawad al - chairman of the Committee on the economy and investment that the investment projects within the general budget projects, calling for finding new revenue for the state through taxes levied on investment projects.
 
He called Abdul-Salam al-Maliki to postpone the enactment of the law and return it to the government as being contrary to the directives of the state to find new outlets for revenue.
 
The MP Hamdiya Husseini that the country suffers from a lack of services and the need to attract funds and investors ' capital and to provide facilities for them by reducing taxes and support the operation of labor in the country, expressing support for the legislation of the bill.
 
She MP Birwan repairman support for the opinion of the relevant committees returns the bill with a classification of investment sectors according to its terms of reference.
 
President al-Jubouri, in turn, instructed the relevant committees to approach the executive to look into the financial aspects of the inquiry on the way legislation of the law to serve the public interest.
 
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Comments may be made at the end of Part 3   Thank You
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