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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The 2023 budget imposes taxes in various sectors: the citizen is unhappy about paying, but he demand

    Rocky
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    The 2023 budget imposes taxes in various sectors: the citizen is unhappy about paying, but he demand Empty The 2023 budget imposes taxes in various sectors: the citizen is unhappy about paying, but he demand

    Post by Rocky Mon Apr 17, 2023 8:39 am

    [size=38]The 2023 budget imposes taxes in various sectors: the citizen is unhappy about paying, but he demands services and development[/size]


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    April 17, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk Al-Hadath: The 2023 budget came with a total of proposed expenditures amounting to 197.8 trillion dinars, and the price of a barrel of oil is about $ 70 per barrel, and a financial deficit of 63 trillion dinars (48.5 billion dollars), according to Prime Minister Muhammad al-Sudani, who indicated that this budget will be repeated In the next two years too.
    The tripartite budget includes in its details the imposition of new taxes at a rate of 5% on the proceeds of sales of one liter of gasoline. And 10% on gas or kerosene oil. And 15% on imported fuel. And a 1% rate on sales of black oil.
    In addition, an airport tax in all Iraqi airports, at a lump sum of 25,000 dinars per person for travelers outside Iraq.
    This comes at a time when the country relies on revenues from selling crude to cover about 95% of its expenditures, achieving in 2022 financial revenues of more than $115 billion from the export of crude oil, to be the highest in years, according to official figures announced by the Ministry of Oil.
    Iraq imports oil derivatives, such as gasoline, gas oil and white oil. According to the Oil Marketing Company “SOMO”, last year witnessed the import of more than 5 million tons of oil derivatives, at a value of $5.3 billion. Gasoline was the most imported with a value of $3.8 billion, followed by gas oil with more than $1.2 billion.
    Representative Amer Abdul-Jabbar says that there is confusion in the general budget, waste of non-oil revenues, and the introduction of new taxes.
    The writer, Abdul Karim Al-Essa, believes that the citizen does not want taxes on gasoline and other taxes that add burdens and difficulties and burden him, such as taxes on real estate and increased fees.
    The journalist, Raad Hashem, said that the budget is loaded with taxes imposed on goods and services, which raised fears of its impact on the economic reality, especially with regard to taxes on oil derivatives at a rate of more than 30%, and airports with a lump sum.
    Nabil Al-Marsoumi, a professor of economics at Al-Maqel University in Basra, says that these taxes will lead to an increase in non-oil revenues and raise their contribution to 13%, but they will be offset by a rise in the cost of transporting people and goods and a new rise in the prices of goods and services, whether locally produced or imported, which may It leads to exceeding the annual inflation rate specified in the budget by 5% and negatively affecting the standard of living of citizens.
    The writer, Sami Al-Sudani, called for the need to enact and legislate the tax system by benefiting from advanced European experiences, which is the best way for justice, saving and organizing funds.
    Al-Marsoumi estimates that these taxes will save about $400 million for the government, but he warns at the same time of their negative effects, which may lead to damage to the standard of living of vulnerable segments of society.
    A member of the Finance Committee, Jamal Cougar, says that the Iraqi state, like any other country in the world, imposes taxes when its resources are reduced to support its budget, and here the citizen is the victim, not the government.
    In turn, international economics professor Nawar Al-Saadi points out that there are what he describes as “distortions” in the tax system in Iraq, and he attributed this to its lack of reliance on advanced financial systems.
    Taxes are important sources of income for governments, and these revenues are used to finance many government services and develop infrastructure in countries, such as roads, bridges, schools, hospitals, water, sanitation, and public transportation, all of which contribute to improving life and providing comfort and well-being for citizens. However, the Iraqi citizen is tired of paying taxes, but at the same time he wants to provide services and jobs, and in the event that citizens refuse to pay, this will hinder the wheel of development.
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