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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Will taxing social media help solve the impending financial crisis?

    Rocky
    Rocky
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    Join date : 2012-12-21
    • Post n°1

    Will taxing social media help solve the impending financial crisis? Empty Will taxing social media help solve the impending financial crisis?

    Post by Rocky Fri 20 Sep 2024, 4:22 am

    Posted on[You must be registered and logged in to see this link.] by [You must be registered and logged in to see this link.]

    [size=52]Will taxing social media help solve the impending financial crisis?[/size]

    [size=45]Economic researcher Munar Al-Obaidi believes that imposing taxes on social media sites is not a radical solution to reduce operating expenses, but rather will contribute to creating other revenues for the state.
    Al-Obaidi said that “oil revenues are declining, and operating expenses are rising, so government taxes must be imposed.”
    He added that “even if oil prices are rising, the problem lies in operating expenses that require reliance on non-oil sources.”
    The economic researcher pointed out that “imposing taxes on social media sites is not a radical solution, but rather will contribute to creating other revenues for the state.”
    Two days ago, financial expert Nabil Al-Marsoumi revealed that the Iraqi government is moving to impose taxes on social media sites in Iraq, among the people subject to these taxes.
    Al-Marsoumi said, “The Iraqi government is studying a proposal to impose taxes on content creators on social media sites in the country, not users of those sites. This process came in order to enhance non-oil revenues, especially in light of the decline in oil prices and the deterioration in oil revenues. These taxes will provide good financial revenues, and for this reason the percentage will be 15% of the profits of content creators, especially since some of their profits are estimated in the millions on a daily basis.”
    He added, “This decision does not require a vote by the House of Representatives, as this is a decision within the authority of the Council of Ministers to expand the tax base, and does not require a law, but it is still under study, and may come into effect at the beginning of next year, as it requires months of work and study.”[/size]
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