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Parliamentary Finance: Some traders providing fake documents to avoid taxes
06/22/2015
BAGHDAD
The parliamentary finance committee accused, on Sunday, traders spoofing banks to bring them to import fake to meet sums documents, while the national coalition led by Vice President Iyad Allawi called for the replacement of central bank officials and choose characters from the owners of expertise and efficiency away from quotas and accused them of causing the collapse of the exchange rate and loss of confidence in the local currency, and economists criticized the central bank customs tax deduction of calling the General Authority for taxes and the General Authority for Customs to meet the tax.
A member of the parliamentary finance committee, Jabbar Abdul Khaliq in an interview for the "long" that "this decision was taken mainly by the central bank after recommendations by the parliamentary finance committee, on the grounds that some traders to Aadfon tax customs amounting to 8%, mainly to Aigmon enter the goods to Iraq, but they Baktdam fake documents. "
hinted by saying "It seems that speculators and traders reversed increase the tax rate on the dollar exchange rate, which led to rise dramatically in front of the dinar," adding that "this measure will have positive results, in terms of the stability of the dinar but in return will deprive the state revenue and customs tax imposed on traders, "returned him of" the procedure easier and quicker. "
The member of the Finance Committee, "it was supposed to controls placed in the auction currency, trying as much as possible to limit the phenomenon of money laundering and diversion of hard currency . "
noting that "this measure is temporary, the end thereof is cropped sudden increase which took place in the dollar exchange rate against the dinar, and that there are other measures that can be taken, but requires a long time."
He added by saying "there will be meetings with the Central Bank and the Office of control Finance, for the purpose of come up with recommendations and to develop procedures and controls, through which avoid what happened from rising during the past period, "expected to stabilize the dollar exchange rate at a normal position after made clear reasons and that up to the price of 0122 dinars."
For his part, called on the national coalition led by Vice-President Republic Iyad Allawi, on Sunday, to derail the Central Bank of quotas basket, and replace officials perpetrators of the collapse of the dinar exchange rate against the dollar.
He said the coalition in a statement received "long-Press," We are following with great concern the continued decline in the dinar, which would directly influence the exchange rate the citizen and the rise in commodity prices weighing his shoulders in the holy month of Ramadan and contributes to the impoverished and exacerbate threats to civil peace and constitutes another face of terrorism obnoxious. "
"The floundering policies and decisions is studied Central Bank, which has the responsibility to maintain the value of the currency, led to confidence in Iraqi currency loss and pay the owners of dinars to replace them quickly to the dollar to maintain its value. "
He called on the coalition to "replace central bank officials perpetrators of the collapse of the exchange rate who were hired for reasons partisan known despite their lack of experience needed to manage such an institution and national figures from the owners Experience and competence and the ability to secure currency stability, and an end to the case of appointment by proxy and give confidence to those who deserved it. "
Meanwhile, a economist, on behalf of Antoine in an interview for the "long" that "the decision to cancel the deduction of customs tax for the amount of orders placed for the purpose of resolving the size of suffering suffered by the Iraqi people in the market, and must be followed by another decision of increasing the required dollar amount for the market to meet the existing demand and to root out terrorist economic power that exploit this circumstance personal to their ends. "
He continued that "the duty of the General Authority for taxes and the General Authority for Customs, said that the procuring taxes on their own, and that is not doing at a cost of one Basthsalha since many of profiteers and speculators are taking advantage of this process is to raise the price of the dollar, "calling for the prosecution of speculators by regulatory agencies and crack down on those who take advantage of this situation."
He noted Antoine that there is a set of points on the Central Bank that followed to stabilize the exchange rate, a "pump sufficient amounts of dollar to meet the existing demand and sold at a moderate price, in addition to the follow-up manipulators dollar and speculators."
He added, "the fact that some banks to pay remittances that come from citizens outside the country dinar instead of the dollar leads to raise the last value ", stressing the need to follow up this issue and install their entitlement to the dollar.
And went "deposits in banks in dollars must be paid in dollars, too," adding that "some of those banks are trying to exploit the situation and you pay this deposit in Iraqi dinars, whereupon for example disbursement priced at 1200 dinars, while the exchange rate exceeds 1300 dinars, and this procedure is one of the things that reduce the value of the dinar against the dollar. "
He concluded economic expert on behalf of Antoine saying, "It was the central bank since the beginning that does not charge a fee to merchants, because customs aggregated tax them on the goods did not arrive in the country, how they have to pay amounts Kmarkip the goods did not reach the originally may be vulnerable to looting Aogrq the sea. "
The Governor of the Central Bank on the Keywords attributed, on Saturday, (June 20, 2015), high exchange rates Dollar to the large volume of imports and the migration of capital, and noted that this phenomenon worthy of study to gain access to economic, political and legal reform process, and in the detection of the launch of building an economic model project in Iraq, stressed that the country needs an economic model integrated unable to determine the paths and goals.
It is noted that Iraqi Central Bank decided, in June 9, 2015, depriving the 14 banks from entering the window of sale and purchase of foreign currency, as he emphasized that depriving these banks will continue until the payment of the amounts discharged.
and saw the dollar exchange rate steady rise in the local markets, from about 1200 dinars to the dollar , the beginning of the current 2015 to 1400 dinars currently.
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06/22/2015
BAGHDAD
The parliamentary finance committee accused, on Sunday, traders spoofing banks to bring them to import fake to meet sums documents, while the national coalition led by Vice President Iyad Allawi called for the replacement of central bank officials and choose characters from the owners of expertise and efficiency away from quotas and accused them of causing the collapse of the exchange rate and loss of confidence in the local currency, and economists criticized the central bank customs tax deduction of calling the General Authority for taxes and the General Authority for Customs to meet the tax.
A member of the parliamentary finance committee, Jabbar Abdul Khaliq in an interview for the "long" that "this decision was taken mainly by the central bank after recommendations by the parliamentary finance committee, on the grounds that some traders to Aadfon tax customs amounting to 8%, mainly to Aigmon enter the goods to Iraq, but they Baktdam fake documents. "
hinted by saying "It seems that speculators and traders reversed increase the tax rate on the dollar exchange rate, which led to rise dramatically in front of the dinar," adding that "this measure will have positive results, in terms of the stability of the dinar but in return will deprive the state revenue and customs tax imposed on traders, "returned him of" the procedure easier and quicker. "
The member of the Finance Committee, "it was supposed to controls placed in the auction currency, trying as much as possible to limit the phenomenon of money laundering and diversion of hard currency . "
noting that "this measure is temporary, the end thereof is cropped sudden increase which took place in the dollar exchange rate against the dinar, and that there are other measures that can be taken, but requires a long time."
He added by saying "there will be meetings with the Central Bank and the Office of control Finance, for the purpose of come up with recommendations and to develop procedures and controls, through which avoid what happened from rising during the past period, "expected to stabilize the dollar exchange rate at a normal position after made clear reasons and that up to the price of 0122 dinars."
For his part, called on the national coalition led by Vice-President Republic Iyad Allawi, on Sunday, to derail the Central Bank of quotas basket, and replace officials perpetrators of the collapse of the dinar exchange rate against the dollar.
He said the coalition in a statement received "long-Press," We are following with great concern the continued decline in the dinar, which would directly influence the exchange rate the citizen and the rise in commodity prices weighing his shoulders in the holy month of Ramadan and contributes to the impoverished and exacerbate threats to civil peace and constitutes another face of terrorism obnoxious. "
"The floundering policies and decisions is studied Central Bank, which has the responsibility to maintain the value of the currency, led to confidence in Iraqi currency loss and pay the owners of dinars to replace them quickly to the dollar to maintain its value. "
He called on the coalition to "replace central bank officials perpetrators of the collapse of the exchange rate who were hired for reasons partisan known despite their lack of experience needed to manage such an institution and national figures from the owners Experience and competence and the ability to secure currency stability, and an end to the case of appointment by proxy and give confidence to those who deserved it. "
Meanwhile, a economist, on behalf of Antoine in an interview for the "long" that "the decision to cancel the deduction of customs tax for the amount of orders placed for the purpose of resolving the size of suffering suffered by the Iraqi people in the market, and must be followed by another decision of increasing the required dollar amount for the market to meet the existing demand and to root out terrorist economic power that exploit this circumstance personal to their ends. "
He continued that "the duty of the General Authority for taxes and the General Authority for Customs, said that the procuring taxes on their own, and that is not doing at a cost of one Basthsalha since many of profiteers and speculators are taking advantage of this process is to raise the price of the dollar, "calling for the prosecution of speculators by regulatory agencies and crack down on those who take advantage of this situation."
He noted Antoine that there is a set of points on the Central Bank that followed to stabilize the exchange rate, a "pump sufficient amounts of dollar to meet the existing demand and sold at a moderate price, in addition to the follow-up manipulators dollar and speculators."
He added, "the fact that some banks to pay remittances that come from citizens outside the country dinar instead of the dollar leads to raise the last value ", stressing the need to follow up this issue and install their entitlement to the dollar.
And went "deposits in banks in dollars must be paid in dollars, too," adding that "some of those banks are trying to exploit the situation and you pay this deposit in Iraqi dinars, whereupon for example disbursement priced at 1200 dinars, while the exchange rate exceeds 1300 dinars, and this procedure is one of the things that reduce the value of the dinar against the dollar. "
He concluded economic expert on behalf of Antoine saying, "It was the central bank since the beginning that does not charge a fee to merchants, because customs aggregated tax them on the goods did not arrive in the country, how they have to pay amounts Kmarkip the goods did not reach the originally may be vulnerable to looting Aogrq the sea. "
The Governor of the Central Bank on the Keywords attributed, on Saturday, (June 20, 2015), high exchange rates Dollar to the large volume of imports and the migration of capital, and noted that this phenomenon worthy of study to gain access to economic, political and legal reform process, and in the detection of the launch of building an economic model project in Iraq, stressed that the country needs an economic model integrated unable to determine the paths and goals.
It is noted that Iraqi Central Bank decided, in June 9, 2015, depriving the 14 banks from entering the window of sale and purchase of foreign currency, as he emphasized that depriving these banks will continue until the payment of the amounts discharged.
and saw the dollar exchange rate steady rise in the local markets, from about 1200 dinars to the dollar , the beginning of the current 2015 to 1400 dinars currently.
[You must be registered and logged in to see this link.]
