[size=36]Including taxation .. Parliamentary finance puts proposals to secure salaries in the coming months[/size]
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The Finance Committee in the House of Representatives on Sunday put forward proposals to secure salaries in the coming months.
The committee’s report, Ahmed Al-Saffar, said, “The reduction of 061.1 million barrels per day from Iraq’s production share is very unfair, especially since oil constitutes 93 percent of its revenues.”
Al-Saffar pointed out, "Non-oil revenues are now stalled due to the Coruna outbreak, which increased Iraq's dependence on oil by 98 percent."
He stressed by saying: "The new government must put in its priorities negotiations with the Kurdistan Region ... and, in my view, the region is ready to respond to the federal government to participate in the amount of the reduction."
Al-Saffar pointed out that "the region announced earlier its willingness to deliver oil to the federal government, but this was postponed due to the financial crisis that prevented the ability to pay the dues of companies there."
The committee’s rapporteur emphasized that “the possibility of securing employees’ salaries during the coming months, by finding alternatives, including resorting to the central bank’s reserves or internal borrowing, or imposing exceptional taxes, which is one of the solutions that most countries resort to in times of wars, disasters and crises. ” He explained, "These taxes are imposed on high income earners from giant companies and economic families that have large capital."