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Activating taxes achieves economic stability
06/1/2018 12:00 am [rtl]Balance between inflation and deflation Baghdad / Emad Al-Amara In recent years, taxes have become important targets used by the state to intervene in public activity and achieve economic stability to effect positive changes in the country's macroeconomic level. Iraq can benefit from the experiences of developed countries that have activated the role of taxes and their uses as a means of achieving economic stability, combating inflation and deflation, "The main role of the tax system is to achieve economic stability and to address the economic cycle, which is the most prominent feature of the contemporary capitalist economy," said Dr. Wafaa Al-Mahdawi. Taxes and the economy , said James Baldwin in an interview with the "morning" that " the role of the tax will be clear in the construction of an integrated economic castle basis of which the local product support , " adding that "Iraq in the event of activating taxes and diversify its veins, will be able to compete internationally and conquer the global markets for goods to be issued after Activating the production of the public and private sectors in various economic fields . " "Developing countries are not without attempts to protect the local product and support the national economy, including Iraq, which may be the most difficult situation among these countries because of the economic past suffered by no one else." The protective role Mahdawi pointed out that " She explained that "the concept of economic stability is a composite concept that includes the need to always strive to achieve two main goals: First, the continued operation of the national economy full operation of economic resources to avoid an economic recession." The second objective is to avoid the occurrence of large price increases and continuous in the overall level of prices, Inflation ". Economic stability Mahdawi pointed out that "economic stability does not mean the stability of the national economy at all at a certain level, but allows changes in the level of economic activity and then the general level of prices within certain limits in terms of economic and social." For his part, said economic researcher Zaid Habib, "If the Iraqi legislator wants to achieve the goal of economic stability, it is necessary to take concerted and harmonious measures between the financial and monetary policies to reach this goal." Habib said in an interview with Al-Sabah that "some economic experts believe that the difficulties that the monetary policy in the rent country can face are almost impossible to find ways of absolute coordination with the fiscal policy ." He added that "thinking about targeting inflation through the public budget and control of its monetary and monetary variables will be difficult unless the selection of independent monetary instruments, which can allow monetary policy to influence the continuation of inflation and address it."[/rtl] [rtl][You must be registered and logged in to see this link.][/rtl] |
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