Tax reforms governing the financial track

Tax reforms governing the financial track


3/20/2017 0:00

BAGHDAD / Imad Emirate
Iraq's economy has suffered from the weakness of the effectiveness of the tax system applied, what drives the need to work to repair the system and make it more efficient, and the trend towards comprehensive reforms
And structural.
The most important revenue
Dr. Imad al - Ani said the "morning" that taxes constitute the essence of the basis for any financial legislation , the government of the device, pointing out that they represent a tool to regulate the financial track of the state, they constitute one of the most public revenues necessary to fund government spending on goods and services needed by the community.
And it seeks most governments in the world to make the taxes more efficient because of their importance in determining the role of the state in economic activity and social life. Economic resources and stressed that tax reform is in line with the change in strategy , which urges development, in order to reallocate economic resources so as to contribute to reducing unemployment and maintain the stability of inflation and what works to improve the levels of economic growth. He said the tax reform works to reduce tax distortions in order to stabilize the economy and to continue to support economic competitiveness, in the sense that not be a tax reform disabled domestic and foreign private investment, but the opposite should tax policy be supportive of private activity. Ani said , should be tax reform goes hand in hand with the requirements of the economic situation prevailing process in order to be more effective through the degree of government intervention in economic activity and the size of the economic reforms that the government intends to do, because the tax reform is part of a large operation. Government borrowing and pointed out that the optimal tax system that we aspire to reach him should be able to fill in important government revenues to cover essential government expenditures without excessive government borrowing and without discouraging economic activity. The tax revenue is the President axis of government revenues in most economies, and it must be improved and developed in total government revenues, and by taking the necessary comprehensive and radical measures to achieve this goal and to replace the oil revenues gradually. The difficulty of collection and concluded Ani his speech by saying: that tax revenues in its current state is limited dramatically, and this is due to several reasons come in the forefront of the difficulty of collection and financial and administrative corruption in government agencies and the weakness of the private activity, as well as note that customs tax revenues are subject to the terms of international treaties and conventions, particularly those provided for by the WTO , which aims to gradually remove customs barriers organization.

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Tax reforms regulate the financial track

3/20/2017 0:00

BAGHDAD / Imad Emirate

The Iraqi economy has suffered from the weakness of the effectiveness of the tax system applied, to what drives the need to reform this system and make it more efficient, and the trend towards comprehensive reforms

And structural.

The most important revenue

Dr. Imad al - Ani said the "morning" that taxes constitute the essence of the basis for any financial legislation , government apparatus, pointing out that it is a tool to regulate the financial track of the state, they constitute one of the most important public revenues needed to finance government spending on goods and services needed by the community.

It seeks most governments in the world to make taxes more efficient because of its importance in determining the role of the state in economic activity and social life. Economic resources and stressed that tax reform will be in line with the change that urges the development strategy, in order to re - allocation of economic resources so as to contribute to reducing unemployment and maintaining the stability of inflation and what works to improve the levels of economic growth. He said the tax reform works to reduce tax distortions to maintain the stability of the economy and continue to support economic competitiveness, in the sense that the only tax reform be disabled domestic and foreign private investment, but the contrary must be supportive of tax policy for private activity. Ani said , should homologous tax reform with the prevailing economic situation data process in order to be more effective through the degree of government intervention in economic activity and the size of the economic reforms that the government intends to do, because the tax reform is part of a broad process. Government borrowing and pointed out that the optimal tax system that we aspire to reach him must be able to mobilize significant government revenues to cover the necessary government expenditures without excessive government borrowing and without discouraging economic activity. The tax revenue is the president axis of government revenue in most economies, and it must be improved and placed in total government revenues, and by taking the necessary comprehensive and radical measures to achieve this goal , and for replacing the oil revenues gradually. The difficulty of collection and concluded by al - Ani , saying: that the tax revenue in the current situation is limited considerably, and this is due to several reasons come in the forefront of the difficulty of collection of financial and administrative corruption in government agencies and weak private activity, also note that customs tax revenues are subject to the terms of international treaties and conventions, particularly those provided for by the WTO , which aims to gradually remove tariff barriers organization.


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