Home
Economist: must be a radical transformation in the work of the tax
Number 2310 on the July 6, 2011
Called economic expert, Ali Mahmoud to the need for radical transformation and structural mechanics of the work of the GCT dignifying the important developmental tasks of the Authority and not just the task of collection, indicating that there is a need to design legislation and instructions legislative tax has kept pace with the requirements of economic development and technology in the country. He added, in a statement to the Agency (news) yesterday, that of the tax reforms needed is to amend the Companies Act No. 21 of 1997 by adding an additional paragraph to the paragraphs of Article 16 of the Act, pointing out that the new paragraph additional required is to provide for exemption from income tax of the shares in kind of the capital of companies at the company registered with the Registrar of Companies, stating that the implementation of this proposal there will be a great boost in investment activity, job creation and reducing unemployment, adding that the capital in kind now stalled or low exploitation of real estate and farmland, and agricultural and by machines and equipment you will find way to invest and raise the rates to take advantage of them. Mahmoud explained that there is a need to review the taxes and fees imposed in the housing sector and real estate if I want to promote the movement of construction and to achieve an effective supply of housing land and resolving the problem of housing and construction. He noted that small real estate investors in the private sector contributed effectively and continuously throughout the Sunni forties to the eighties of the twentieth century, supplying the market housing, but their role is stopped in the nineties and so far, because of taxes and fees imposed in this sector on the operations of transfer of ownership fees correction sex drug and others are still in force so far, despite the demise of the reasons for the imposition in the nineties and then have to be reconsidered in the subject and the abolition of all taxes and fees in this sector if I want a sincere will of the private sector to re-constructive role in resolving the larger economic and social problem facing Iraq now .
[You must be registered and logged in to see this link.]
Number 2310 on the July 6, 2011
Called economic expert, Ali Mahmoud to the need for radical transformation and structural mechanics of the work of the GCT dignifying the important developmental tasks of the Authority and not just the task of collection, indicating that there is a need to design legislation and instructions legislative tax has kept pace with the requirements of economic development and technology in the country. He added, in a statement to the Agency (news) yesterday, that of the tax reforms needed is to amend the Companies Act No. 21 of 1997 by adding an additional paragraph to the paragraphs of Article 16 of the Act, pointing out that the new paragraph additional required is to provide for exemption from income tax of the shares in kind of the capital of companies at the company registered with the Registrar of Companies, stating that the implementation of this proposal there will be a great boost in investment activity, job creation and reducing unemployment, adding that the capital in kind now stalled or low exploitation of real estate and farmland, and agricultural and by machines and equipment you will find way to invest and raise the rates to take advantage of them. Mahmoud explained that there is a need to review the taxes and fees imposed in the housing sector and real estate if I want to promote the movement of construction and to achieve an effective supply of housing land and resolving the problem of housing and construction. He noted that small real estate investors in the private sector contributed effectively and continuously throughout the Sunni forties to the eighties of the twentieth century, supplying the market housing, but their role is stopped in the nineties and so far, because of taxes and fees imposed in this sector on the operations of transfer of ownership fees correction sex drug and others are still in force so far, despite the demise of the reasons for the imposition in the nineties and then have to be reconsidered in the subject and the abolition of all taxes and fees in this sector if I want a sincere will of the private sector to re-constructive role in resolving the larger economic and social problem facing Iraq now .
[You must be registered and logged in to see this link.]
