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Former minister warns of the consequences of real estate tax on private sector development

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 Former minister warns of the consequences of real estate tax on private sector development Empty Former minister warns of the consequences of real estate tax on private sector development

Post by rocky on Fri 11 Jan 2019, 12:07 pm

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Former minister warns of the consequences of real estate tax on private sector development


MP and former oil minister Jabbar al-Luaibi called on the parliament to reactivate the reconstruction council, especially in Basra, and to allocate part of its oil imports. He called for reviewing the allocations of regional development and monitoring its implementation and interest in the private sector to create job opportunities for millions of unemployed. This sector is important.
"The draft budget did not come in a new format, but in the pattern and principles that have been followed for decades, which rely on only one axis, the sale of quantities of oil at a specific price and then the distribution of the exchange of imports," Al-Allaibi said in a statement.
Al-Allaibi pointed out that "the federal government did not submit its program or program of ministries in terms of ratios or indicators of development and development achieved during the past year in each ministry and corresponding to the financial allocations received by these ministries."
"It also did not clarify in the draft budget what ratios or indicators of programs achieved to reduce the dependence on oil and diversification of sources of income, especially productive ministries."
Al-Luaibi said that "the government program emphasizes the development and development of the basic economic elements in the fields of energy development, development of agricultural and industrial sectors and the adoption of new mechanisms and foundations and legislation to create an attractive environment for domestic and foreign investments and protection of foreign investors."
Al-Allaibi called for a review of the budget of the development of the regions because they have adopted the same foundations in the previous budgets of the allocation of 2 trillion dinars, pointing out that this method did not produce tangible positive results.
He stressed al-Allaibi, a deputy for Basra that "due to the very deteriorating situation in the regions in general and in Basra, we reiterate our demand for the proposal, which we proposed to the previous government and the need to create a Council for the reconstruction of the Territories and be chaired by Mr. Prime Minister and the membership of elites of the competent and sincere and honest and the use of local and global experts" .
He called for "allocating a percentage of oil imports to this council as it was," adding that "this experience of the Council has achieved remarkable success in the era of the fifties of the last century."
He pointed out that "in view of the deteriorating social and service situation in Basra, it is proposed that the council should have a door or a special activity for the province to carry out the strategic and important projects."
"The imposition of a 12% tax on real estate reflects negatively on the development of this sector, which already suffers from the absence of development required and is supposed to be the minimum tax to encourage this important sector."
Al-Luaibi called for "reviewing the issue of agricultural land affairs in the Ministry of Agriculture," stressing that "it is necessary to study thoroughly and comprehensive review to avoid the consequences of negative and comprehensive."

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