- May 27 21:35
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The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Saturday, that 60 percent of the market in Iraq is still undefined, while noting that the Social Security and Retirement Law constitutes a turning point towards regulating the market.
Saleh said, to the official agency and its follower / information /, that "there are production systems that are not based on the institutional character of the markets, and therefore there are objects to the Social Security Law for workers, launched by non-institutional production concerns, that is, that do not originally belong or are regulated by Companies Law No. 21 of 1997 as amended.” ".
He added, "60% of the market is still gray and undefined in front of government regulations that deal with the market sector, whether oversight, taxes, or banks," stressing, "The new social security law will oblige it to turn into white." legal markets, which constitute the turning point towards market regulation that will encounter a pattern of stubbornness and resistance to change.
He called on the Ministry of Labor and Social Affairs to "start a media and educational campaign to educate the market, producers and workers in it, while issuing instructions to implement the law in an easy, clear and encouraging manner."
And the House of Representatives voted, on Wednesday (May 17, 2023), on a draft social security and retirement law for workers. ended 25 n
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