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[size=30]Shocking numbers ... the state obtained "double" its profits from mobile phone companies within 10 years!
2021-03-09
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Yes Iraq: Baghdad
The Future Iraq Foundation for Studies and Economic Consultations revealed huge numbers of what the Iraqi state had obtained from mobile phone companies within 10 years.
The institution said in a report that "the Iraqi state imports from mobile phone companies for the period from 2009 to 2020 amounted to more than $ 13 billion, depending on the rates deducted from the companies."
She indicated that "this amount represents 28% of the total revenues of the three companies operating in Iraq, and represents twice the profits of the three companies that achieved total profits of $ 6.2 billion."
She explained that “state revenues came according to the following three revenues: licensing revenues, which amounted to $ 6.8 billion, representing 17% of the revenues of the three companies, the revenues of added tax, which were imposed since 2014, amounting to $ 5.3 billion, and corporate income tax revenues, which amounted to $ 1.08 billion, representing 15% of corporate net profits.
The attached figure shows the distribution of state revenues during the years from 2009 to 2020 compared with the net profits of the three operating telecommunications companies:
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