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Vice preclude passage of a law exempting foreign companies from taxes
Wednesday, 23 April 2014
Omar Abdel-Rahman04/23/2014
Acknowledged member of the Committee on Economy and Investment in the House of Representatives narrowly approving a bill to exempt foreign companies from taxes assigned by the Council of Ministers because of incompatibility with the terms of the federal budget for the current year. said committee member MP Ibrahim stirrup in an interview with Radio Free Iraq that "the terms of the federal budget for the current year focused on the development of other sources of imports substitute for oil to support budgeting federal taxation and customs, noting that the law exempting foreign companies from tax exempts foreign companies from paying taxes in full.
Meanwhile, the head of the National Investment Commission, Sami al-Araji, the passage of a law exempting foreign companies that implement investment projects in Iraq from taxes and fees would create an attractive investment environment, and addresses the part of the unemployment crisis through companies entering new investment, calling for the provision of banking facilities and privileges for investors and for fixed periods. believed economic expert Abdul Rahman al-Mashhadani, the government and parliament are discussing solutions prosthesis to attract foreign investment Through the privileges granted to him and that should be local companies first out, explaining that the reason for the reluctance of foreign companies from coming to Iraq boils down to the security aspect and not the laws of investment, the fact that Iraq represents investment environment and promising and important for those companies, he said.
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Wednesday, 23 April 2014
Omar Abdel-Rahman04/23/2014
Acknowledged member of the Committee on Economy and Investment in the House of Representatives narrowly approving a bill to exempt foreign companies from taxes assigned by the Council of Ministers because of incompatibility with the terms of the federal budget for the current year. said committee member MP Ibrahim stirrup in an interview with Radio Free Iraq that "the terms of the federal budget for the current year focused on the development of other sources of imports substitute for oil to support budgeting federal taxation and customs, noting that the law exempting foreign companies from tax exempts foreign companies from paying taxes in full.
Meanwhile, the head of the National Investment Commission, Sami al-Araji, the passage of a law exempting foreign companies that implement investment projects in Iraq from taxes and fees would create an attractive investment environment, and addresses the part of the unemployment crisis through companies entering new investment, calling for the provision of banking facilities and privileges for investors and for fixed periods. believed economic expert Abdul Rahman al-Mashhadani, the government and parliament are discussing solutions prosthesis to attract foreign investment Through the privileges granted to him and that should be local companies first out, explaining that the reason for the reluctance of foreign companies from coming to Iraq boils down to the security aspect and not the laws of investment, the fact that Iraq represents investment environment and promising and important for those companies, he said.
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