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Tax supporting the productive sectors
2/29/2016 0:00
[rtl] BAGHDAD - Imad emirate
economist said an academic from the Faculty of Administration and Economy ofMustansiriya University: Many countries resort to protect domestic industries that no longer be able to compete with imported industries, which leads to raise the prices as there are conditions that rival the best of manufactured goods locally.
He said academic d. Ammar Majid Kazim , in an interview with «morning» used anumber of tax countries as a means to encourage economic sectors such as tourism, industry or agriculture, so she exempting those activities from taxation. Stimulate theeconomy Kadhim said that the tax is one of the important tools resorted to by the state to stimulate the economy in each of the cases of inflation and deflation and recession .in periods (recession and deflation), which are a feature of the modern economic system attributes, with less purchasing and consumption and piling products, the government isincreasing the purchasing power of people , individuals with low incomes, by reducing the income tax rate in the first of their parts and raise the amount of tax exemption, increase family exemptions and reduced indirect tax rates, particularly relating to thebasic needs of citizens such as bread, tea, milk and dairy products. He continued in aperiod of prosperity and inflation could use tax economic means, by reducing government spending and raising taxes on incomes and goods to ease the purchasing power of individuals and to curb private spending, and lower taxes on capital and savings to give impetus to projects production would contribute to lower prices, these measures must be part of an integrated economic policy, but not isolated tax measures.investment Promotion and confirmed the possibility of imposing a tax in order toencourage investment in certain sectors or reduce it in other sectors, if the state deems that there is a need to encourage a particular sector, they resort to fully relieved of thetax rate or reduce the tax on the proportion of it. the importance of taxes and between: this in turn works to stimulate investment in this sector, because the cancellation of thetax or reduction of working on increase the interest earned by the investor, and in return the state could resort to the imposition of high tax rate on sectors that feel increase investment for the needs of society, leading to a decline in investment in this sector and channeled to other sectors less investment, for example, raise taxes on luxury industries and reduction in by contrast the industries Pharmaceutical. special taxes and pointed out that the taxes are used to prevent the concentration of economic projects that hasbecome characteristic of this era, particularly the capitalist system, and the emergence ofmultinationals , but a manifestation of economic concentration, explaining can use the tax as a way to fight this concentration, so It is by imposing a special tax exposure on each stage of production in the flying companies around the bloc , which increases the cost ofproducing this item, and limits the phenomenon of concentration. He concluded d.Ammar used Alastosmaralamala tax to encourage saving, and this is done when thestate exempt development revenue bonds issued by the state taxes to encourage such bonds, or tax on deposits reduction in provident funds or any other financial investment supports the national economy.[/rtl]
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