Parliamentary Finance: Tax help the budget if implemented properly

by day dreamer Mon 15 Dec 2014, 8:45 pm

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Post n°1

Parliamentary Finance: Tax help the budget if implemented properly

by day dreamer Mon 15 Dec 2014, 8:45 pm

12/16/2014 (00:01 pm) -

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[ltr]Parliamentary Finance: Tax help the budget if implemented properly [/ltr]

BAGHDAD / Mohammed Gmt

[ltr] Parliamentary Finance Committee confirmed that the imposition of taxes on services is just a proposal by the members of the Committee is not an official order until this moment, indicating that the decline in oil prices in the recent period has forced the government to review the budget, where the deficit ratio was estimated at 42 trillion in the event of falling prices would be more deficit bigger than that, for his part between the Economic Adviser to the Prime Minister and the appearance of Mohammed Saleh.[/ltr]

[ltr]The taxes in Iraq is less than two billion dollars, and this figure does not reflect the economic activity actor, adding that the service tax affect the lives of a group of people does not affect a large segment, indicating that the five-member committee is now working on an assessment of revenue and how much it will reduce unnecessary expenditures and how keep the poor and the young staff and salaries EP and the salaries of the crowd. A member of the parliamentary finance committee, MP Jabbar Abdul Khaliq, yesterday Sunday, that "the imposition of a tax on services in 2015 is just an idea, and the views of members of the Finance Committee, did not materialize to a resolution or a formal letter, and this issue needs to study, but taxes Sometimes also said Prime Minister Haider al-Abadi, the doors to corruption, and even taxes existing if applied correctly, will come back good returns but bargaining agreement between many of the staff and the person obligated to pay taxes occur, and this is a problem in tax administration. "[/ltr]
[ltr]He said Abdul Khaliq oil imports constitute 88% of the budget, while the rest of the resources depends on the taxes, fees and customs, and these are all accounted for 12% and ambition we have to be revenue ratio of at least 30% ", and ongoing operational Alanvqat between" The Council of Ministers agreed to and ongoing operational expenses at a price of $ 70 a barrel, but after a drop in oil prices, there was a review to cut costs in order not to increase the size of the deficit, "adding that" operating expenses were up to 100 trillion dinars and expenses of investment was up 50 trillion dinars, and includes the development of regions and the petro-dollar projects All of this was in the light of the price of $ 70 a barrel, but after the fall in oil prices in the recent period the government was forced to revise the budget for the possibility of another price, and it was the deficit ratio is 42 trillion, how it would be if oil fell to a deficit bigger than that. "[/ltr]
[ltr] For his part, there are neglecting tax in Iraq and should taxes be subject for the purposes of providing a service economic advisor to the Prime Minister, Dr said the appearance of Mohammed Saleh, said that "some of the tax is the contribution of national, helping in the formation of the budget, it is supposed to broaden the tax base in Iraq, After the oil sector affected by a decline in oil prices, and some other sources that supply money to the state that does not affect the living conditions of the citizens. "[/ltr]
[ltr] And demonstrates the benefit of the "service tax is an indirect tax, either income and property are direct taxes, and tax services existed and neglected because of war and siege and there is nothing compensates oil now the Iraqi economy, but this helps the formation of the budget, and the government is considering taxes is oppressive not strain Simple and poor class citizen ", adding that" in Iraq, taxes account for less than 2 billion dollars, and this figure is not an economic activity, so taxes have to go up and be fair to the citizen. "[/ltr]
[ltr] Saleh continued that "Iraq is passing through a new financial philosophy, which is that the citizen such as calls for him to contribute to the same ideals, nor prejudice to the poor, and tax services affect the lives of a group of people does not affect a large segment of people," complement "The five-member committee is now working on assess how much we will get and how much revenue will reduce unnecessary expenditures and maintain a job salaries of the poorer classes and the young staff and salaries EP and the crowd, which is the salaries and expenses and their red lines. "[/ltr]
[ltr] And increased in favor of "The priority now is to stop the waste of state spending, and capping it into line with available resources, Iraq is now facing two wars, first with a Daash internal, external, and second, the price of oil, and the five-year operating high balance." [/ltr]

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