Finance Minister Looking tax compliance with America

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Finance Minister Looking tax compliance with America

Finance Minister Looking tax compliance with America
Chaired by Finance Minister Hoshyar Zebari on 05.02.2015, in the office of the ministry held a meeting with directors of banks, insurance companies and general manager of the Tax Authority in the Ministry of Finance and the Director General of the Iraqi Commercial Bank.
During the meeting, discussion of tax compliance with the United States of America Agreement (Vta) and concluded between the United States and most countries and related tax compliance for foreign accounts to provide tax information on people who hold US citizenship.
It is due to the central bank to submit draft legislation between Iraq and the United States about the law for submission to Parliament in the coming period to decide before the fifteenth of September 2015.

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LIT

I think the tax thing also has to do with American Citizens hiding money over sea's as well, seems like after the whole Crete thing there was a push by America to force over sea's banks to report money's held in those banks by American Citizens, this probably ties into that as well... I assume.

CITEX wrote:I think the tax thing also has to do with American Citizens hiding money over sea's as well, seems like after the whole Crete thing there was a push by America to force over sea's banks to report money's held in those banks by American Citizens, this probably ties into that as well... I assume.

Yes and we are talking Iraq..In Iraq...worthless stinky notes...

Finance discusses tax compliance agreement Vta {} with the United States

     

  2/7/2015 0:00


  BAGHDAD - morning
  Search Finance Minister Hoshyar Zebari, with managers of banks and insurance companies and the Tax Authority in the Ministry of Finance and the General Manager of the Commercial Bank of Iraq and tax compliance with the United States of America Agreement (Vta).
Known as "Alvta" which stands for Foreign Account Tax Compliance Act as measures limiting US citizens evade paying taxes to the government, has recently been working out in several countries in the world. According to a ministry statement received "morning," a copy of which he has a discussion of tax compliance with the United States of America Agreement (Vta) concluded between the United States and most countries and related tax compliance calculations foreign to provide tax information on people who hold US citizenship. The statement added, due to the central bank to submit draft legislation between Iraq and the United States on tax compliance with US law (Vta) for submission to the House of Representatives in the coming period to decide before the fifteenth of September 2015. He was an economist appearance of Mohammed Saleh said in a statement former (morning): the work of this agreement gives reciprocal immunity for both Iraq and the United States in the area of taxes and follow the movement of funds as well as it increases the transparency in the exchange of information between the two sides of government. Pointing out that the banks operating in Iraq are included Convention "Alvta" reduction of tax evasion when entering Iraq in the Convention effectively.




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day dreamer wrote:Finance discusses tax compliance agreement Vta {} with the United States

     

  2/7/2015 0:00


  BAGHDAD - morning
  Search Finance Minister Hoshyar Zebari, with managers of banks and insurance companies and the Tax Authority in the Ministry of Finance and the General Manager of the Commercial Bank of Iraq and tax compliance with the United States of America Agreement (Vta).
Known as "Alvta" which stands for Foreign Account Tax Compliance Act as measures limiting US citizens evade paying taxes to the government, has recently been working out in several countries in the world. According to a ministry statement received "morning," a copy of which he has a discussion of tax compliance with the United States of America Agreement (Vta) concluded between the United States and most countries and related tax compliance calculations foreign to provide tax information on people who hold US citizenship. The statement added, due to the central bank to submit draft legislation between Iraq and the United States on tax compliance with US law (Vta) for submission to the House of Representatives in the coming period to decide before the fifteenth of September 2015. He was an economist appearance of Mohammed Saleh said in a statement former (morning): the work of this agreement gives reciprocal immunity for both Iraq and the United States in the area of taxes and follow the movement of funds as well as it increases the transparency in the exchange of information between the two sides of government. Pointing out that the banks operating in Iraq are included Convention "Alvta" reduction of tax evasion when entering Iraq in the Convention effectively.




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And this is just one more reason not to put your assets in any banks, offshore or onshore, you will get hit with taxes which are on the rise thanks to obama who is looking to hit us with 50% capital gains to try and keep the sinking ship afloat until he is long gone from office.  You look at the increases in taxes he has already jammed through, and this is just the tip of the iceburg as I see it.

America is technically bankrupt, so increasing taxes is obama solution to stay afloat, and he is not only attacking the wealthy, but the middle class too.  Estate taxes are going to kill the middle class, not just now, but well into the future. Those who worked their whole lives to build up a business will burden their children with huge estate taxes and captial gains taxes bankrupting most forcing them to desolve businesses and more unemployment will be end result and a total economic collapse.

Asset protrection becomes even more important, but keeping your assets in any bank is going to prove to be wrong strategy looking at this lastest attack on offshore bank holdings.  Hold gold or currencies like Swiss fanc. CAN loonie, Yaun and of course, Iraqi dinar, but don't hold the U.S. dollar, it hit the highest level in decased due to worldwide economic turmoil.  Look what happened to the Euro when Swiss franc decoupled, and now more currencies will do the same as the Euro is in deep trouble which is the only reason U.S. dollar went to record high. What goes up must come down, so hold onto your dinar regardless of whatever value it may be restored to initially.

The U.S. dollar is burdened by debt, and will be forever, never mind the $18 trillion plus, soon to be $20 trillion after seeing obama's budget which is a bad joke on WE THE PEOPLE if passed. Higher and higher taxes and more and more wasteful spending, same old same old.  Here is the bottom line, the house passed bill to audit fed last year, but dirty Harry blocked it in senate like he did 300 other sensible bills from house. Now the senate is about to pass the audit the fed bill, so watch closely as Yellen already stated she would not allow it, and you know why, because there is no gold in fed reserve vaults as was originally thought.

For those paying attention, this audit will destroy most currencies around the world, so I suspect Yellen will have to stand by her statement and not allow audit even when congress passes bill, and this will be a sure tip off they have a lot to hide, just as they have since fed reserve was forned a hundred years ago. WE THE PEOPLE have been screwed over by this fraud ever since. And now all the countries who thought their gold was safe in fed reserve vaults have learned this is not true.  

Imagine if you put your valuables in a safe deposit bank vault, and then requested it to be removed and returned and it wasn't there? Now lets say you put your gold jewelry you had, and when you went to take it out and it was not there, and when you asked why, all you get is the run around from bank, and if you pushed hard, you got only 7% of value back in an ingot of gold, not your original jewelry?  You wouldn't be happy, right?  Never mind ever trusting the bank again, right?

Simply put, this is exactly what happened when Germany requested their thousand plus tons of gold be released and repatriated to Germany from federal reserve bank.  Guess what, the fed reserve jerked Germany around for over a year, then finally said we can only return 10% per year spread out over next ten years.  Worse yet, Germany didn't even get the 10%, but only 7%, and it was not their original ID country stamped gold bars, but plain unmarked bars. Do you see the parallel to personal example above, this is exactly what has happened. Needless to say, you would not be personally happy with this scenario, nor is Germany happy, in fact, other countries are now demanding their gold be repatriated, and they too are getting the run around.

Bottom line, there is no gold in them thar fed reserve bank vaults, PERIOD.  Fed reserve is the most massive ponzi pyramid scam ever in history, trillions in gold missing. PERIOD.  So now you know why Yellen, if not obama will not allow this fact to be known by WE THE PEOPLE, never mind all the countries who thought their gold was safe with the federal reserve thieves. lol  Yes, this is real, and yes, WE THE PEOPLE are going to be screwed with higher and higher taxes to try and hide the truth, or as I call it, kicking the can down the road just long enough for obama to finish off his term and claim success for bringing America to its knees.  Don't believe it, mark my words, I have been watching this for years develope, and Germany will not stay quiet for much longer on this issue. When other countries end up with same non compliance to repatriate of gold request, then the cats out of the bag after massive gov. cover up for past 100 years. 

Conclusion, none of our wealth is safe given the massive debt U.S. gov. has created.  And what is worse, the deficit is actually double the $18 trillion that we see, never mind the $100 trillion in unfunded liabilities which is conservative estimate if country doesn't file bankruptcy again, which I fully expect will happen, and why you do not want to hold U.S. dollar assets when the truth starts to come out about fed reserve fraud and U.S. gov. cover up.  Hold onto your dinar, just as I have been saying for past decade, the dollar is doomed over next year, regardless of what happens with Iraqi dinar.  The deficit is just too large to ever pay down, even if taxes on wealthy was 100%, think about that, it is true, there is no way for government to bail itself out off the wealthy's back, so only the middle class will be attacked over the next couple years. This concludes my last century monetary policy synopsis. 

Success to all,