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Highlights of the symposium discussions held by the progress of the development policies of the Institute under the title "the exchange rate and sell the currency in Iraq."
Sunday, October 25 / October 2015 - 07:46
Prof. Nabil Mahdi al-Janabi
Sabah newspaper published on 10.19.2015 a presentation entitled "tax reform provides billions of dollars a year" by Shokran Fatlawi. This opportunity take to shed some light, fast, some of what is stated in the comment to come. I see that most of the proposals put forward out of the crisis, especially of senior officials (their hands the fate of the economy and the people), does not reflect a clear understanding of the nature and specificity of the Iraqi economy. The Currency Auction important tool for the management of flotation cleaner politics, and the achievement of monetary and price stability, and that revocation catastrophic error leads to economic and social impacts may have dire consequences. I say this in spite of exploitation bad for auction currency by some private banks and money transfer through the re-currency recycling was worth market. The reduction of the value of the Iraqi dinar against the dollar (to raise the foreign exchange rate) is acted naive in light of the reality of the Iraqi economy, rent-seeking, as the more than 90% of our exports are oil and more than 80% of the Iraqi market requirements are imported from abroad. Therefore, we are losing on both sides of the trade balance, as well as that this procedure has serious implications for price. The tax reform, which he said the central bank governor is dodged by him and ward off harm to the Ministry of Finance. The ratio of tax revenue to GDP ratio of no more than 3%, and we know that the tax either directly on personal income or corporate income tax and other legacies etc. Or indirectly, the value-added tax and sales tax and customs tax them as well. We know that the impact of the tax be direct to individuals. Therefore, the tax is not imposed except by law and by the House of Representatives. And raise the level of the tax burden from the shoulders of the taxpayer exhausts Iraq, either directly on the personal income or indirectly, because it is transferred through the burden included in the item price or service. And it must not be allowed discounts from the tax base only for reasons related to either encourage savings and investment, as the main purpose of the tax system in developing countries, including Iraq, is to mobilize national resources in order to achieve high rates of capital accumulation. Either in the field of indirect taxes, developing countries primarily depend on them, especially the customs taxes. It is noted that with the continued economic development of the process of moving the proceeds of these taxes to decrease, causing rigidity of the tax system. It is known that economic development efforts are reshaping the structure of imports and exports. On the one hand collections of customs, said that her Mr. Keywords, exports of hand, as we mentioned, the non-oil exports do not exceed 7%. In terms of imports, the imposition of taxes Kmarkip commodities broker and commodity investment production is not in favor of developing countries, including Iraq, because that would hinder capital formation process and not to the entire production capacity idle run, knowing that the largest proportion of consumer imports and this in the case of filed (mean raising the tax rate it) have implications price task on the local economy, which should Araih the tax system and work to achieve it as the main problem facing developing countries is to encourage all of the savings needed investment to build a production system. The proposal of the Governor of Bank Central to issue local bonds It reflects an international failure of the Iraqi Central Bank in the issuance of international debt securities, after the international credit rating institutions rated the Iraqi bonds, if issued, as junk bonds are worthless. Then how the central bank is considering the issuance of local bonds and the Iraqi economy is in a state of stagflation. Despite the enormous money supply in the economy but that the bulk of them out of circulation because of the prevalence of the phenomenon of compactness. And who lives the current reality finds accompanied by the scarcity of currency in circulation and rising significantly in the important paragraphs in the Consumer Price Index recession. With the capacity Off and high unemployment rates and rates of population below the poverty line, which indicates a recent report that it exceeded 20% of the size of Iraq's population, from buying these bonds, as well as that of the Kurdistan region outside the central bank's control and 30% of our land under the control of Daash. Is Governor of the Central Bank is intended that the central and southern governorates are from fund a budget deficit provinces, mostly dilapidated and classified them three provinces with the most poorest and suffer from high unemployment rates. Then you that the economic, political and military situation thus supports the issuance of such bonds, and trust in government is an important factor in the success of this procedure and this is missing, for the reasons mentioned in the above. As well as that there are calls for the establishment of Basra province, and the province of the south, and the region of the Middle Euphrates, which reflects the government's failure to gain the trust and confidence of individuals performance. As for a comprehensive survey of the land and buildings leased and vacant Akiemha and revenue, and to take appropriate action on leased or sold or invested to expand fiscal revenue through the exploitation of economically efficient, then I think that the words of throwing dust in the eyes, because Mr. Keywords full certainty that the domain (state property) forfeit and confiscation of: some squatters and the other the value of the ruling parties symbolic and which have not and will not relinquish it does not abide by any law or This procedure is known to all. The solutions out of the crisis will be a topic for another article. (*), professor of economic theory, the University of Qadisiyah Copyright network of Iraqi economists. Allowed to quote and reproduce, it provided reference to the source. October 25 / October 2015 The opinions expressed in all material published on the Web site of Iraqi economists necessarily do not reflect the opinion of the Editorial Board, but the opinion of the author only and is who bears the legal and scientific responsibility
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Sunday, October 25 / October 2015 - 07:46
Prof. Nabil Mahdi al-Janabi
Sabah newspaper published on 10.19.2015 a presentation entitled "tax reform provides billions of dollars a year" by Shokran Fatlawi. This opportunity take to shed some light, fast, some of what is stated in the comment to come. I see that most of the proposals put forward out of the crisis, especially of senior officials (their hands the fate of the economy and the people), does not reflect a clear understanding of the nature and specificity of the Iraqi economy. The Currency Auction important tool for the management of flotation cleaner politics, and the achievement of monetary and price stability, and that revocation catastrophic error leads to economic and social impacts may have dire consequences. I say this in spite of exploitation bad for auction currency by some private banks and money transfer through the re-currency recycling was worth market. The reduction of the value of the Iraqi dinar against the dollar (to raise the foreign exchange rate) is acted naive in light of the reality of the Iraqi economy, rent-seeking, as the more than 90% of our exports are oil and more than 80% of the Iraqi market requirements are imported from abroad. Therefore, we are losing on both sides of the trade balance, as well as that this procedure has serious implications for price. The tax reform, which he said the central bank governor is dodged by him and ward off harm to the Ministry of Finance. The ratio of tax revenue to GDP ratio of no more than 3%, and we know that the tax either directly on personal income or corporate income tax and other legacies etc. Or indirectly, the value-added tax and sales tax and customs tax them as well. We know that the impact of the tax be direct to individuals. Therefore, the tax is not imposed except by law and by the House of Representatives. And raise the level of the tax burden from the shoulders of the taxpayer exhausts Iraq, either directly on the personal income or indirectly, because it is transferred through the burden included in the item price or service. And it must not be allowed discounts from the tax base only for reasons related to either encourage savings and investment, as the main purpose of the tax system in developing countries, including Iraq, is to mobilize national resources in order to achieve high rates of capital accumulation. Either in the field of indirect taxes, developing countries primarily depend on them, especially the customs taxes. It is noted that with the continued economic development of the process of moving the proceeds of these taxes to decrease, causing rigidity of the tax system. It is known that economic development efforts are reshaping the structure of imports and exports. On the one hand collections of customs, said that her Mr. Keywords, exports of hand, as we mentioned, the non-oil exports do not exceed 7%. In terms of imports, the imposition of taxes Kmarkip commodities broker and commodity investment production is not in favor of developing countries, including Iraq, because that would hinder capital formation process and not to the entire production capacity idle run, knowing that the largest proportion of consumer imports and this in the case of filed (mean raising the tax rate it) have implications price task on the local economy, which should Araih the tax system and work to achieve it as the main problem facing developing countries is to encourage all of the savings needed investment to build a production system. The proposal of the Governor of Bank Central to issue local bonds It reflects an international failure of the Iraqi Central Bank in the issuance of international debt securities, after the international credit rating institutions rated the Iraqi bonds, if issued, as junk bonds are worthless. Then how the central bank is considering the issuance of local bonds and the Iraqi economy is in a state of stagflation. Despite the enormous money supply in the economy but that the bulk of them out of circulation because of the prevalence of the phenomenon of compactness. And who lives the current reality finds accompanied by the scarcity of currency in circulation and rising significantly in the important paragraphs in the Consumer Price Index recession. With the capacity Off and high unemployment rates and rates of population below the poverty line, which indicates a recent report that it exceeded 20% of the size of Iraq's population, from buying these bonds, as well as that of the Kurdistan region outside the central bank's control and 30% of our land under the control of Daash. Is Governor of the Central Bank is intended that the central and southern governorates are from fund a budget deficit provinces, mostly dilapidated and classified them three provinces with the most poorest and suffer from high unemployment rates. Then you that the economic, political and military situation thus supports the issuance of such bonds, and trust in government is an important factor in the success of this procedure and this is missing, for the reasons mentioned in the above. As well as that there are calls for the establishment of Basra province, and the province of the south, and the region of the Middle Euphrates, which reflects the government's failure to gain the trust and confidence of individuals performance. As for a comprehensive survey of the land and buildings leased and vacant Akiemha and revenue, and to take appropriate action on leased or sold or invested to expand fiscal revenue through the exploitation of economically efficient, then I think that the words of throwing dust in the eyes, because Mr. Keywords full certainty that the domain (state property) forfeit and confiscation of: some squatters and the other the value of the ruling parties symbolic and which have not and will not relinquish it does not abide by any law or This procedure is known to all. The solutions out of the crisis will be a topic for another article. (*), professor of economic theory, the University of Qadisiyah Copyright network of Iraqi economists. Allowed to quote and reproduce, it provided reference to the source. October 25 / October 2015 The opinions expressed in all material published on the Web site of Iraqi economists necessarily do not reflect the opinion of the Editorial Board, but the opinion of the author only and is who bears the legal and scientific responsibility
[You must be registered and logged in to see this link.]
