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[size=52]Government Advisor: 70% of the grey market[/size]
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09/05/2024
Baghdad: Huda Al-Azzawi
The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, revealed the existence of a gray market that accounts for nearly 70% of the market or private sector activity, indicating that this percentage evades paying legal taxes. Salih said: “Taxes constitute in total in developed countries about (25) percent of the gross domestic product, while in Iraq they do not exceed (4) percent due to tax evasion, as the gray market that is not identified before the tax authorities constitutes a percentage close to (70) percent of the market or private sector activity, while negative taxes, which are cash income subsidies paid to the poor class, constitute (5) percent of the annual gross domestic product, and this constitutes the tax defect that compensates for the difference between the type of tax with the proceeds of oil rents.”[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Government Advisor: 70% of the grey market[/size]
[size=45][You must be registered and logged in to see this image.]
09/05/2024
Baghdad: Huda Al-Azzawi
The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, revealed the existence of a gray market that accounts for nearly 70% of the market or private sector activity, indicating that this percentage evades paying legal taxes. Salih said: “Taxes constitute in total in developed countries about (25) percent of the gross domestic product, while in Iraq they do not exceed (4) percent due to tax evasion, as the gray market that is not identified before the tax authorities constitutes a percentage close to (70) percent of the market or private sector activity, while negative taxes, which are cash income subsidies paid to the poor class, constitute (5) percent of the annual gross domestic product, and this constitutes the tax defect that compensates for the difference between the type of tax with the proceeds of oil rents.”[/size]
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