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MP calls for providing tax information for clients of private banks
On: Saturday 11/08/2012 8:50
Baghdad / range
called on Vice-President of the Finance Committee in the House of Representatives Ahmed Hassan Faizullah, the need for the private banks to provide the public taxes, with full information of the financial accounts of the traders and businessmen to curb corruption rampant in the banks and prevent the smuggling of foreign currency abroad. He said the iceberg, according to God (of the Agency news): The proposal to provide general tax information on the financial accounts to the public
In private banks, particularly from traders and business people and those with high capital good and will help the concerned authorities to audit and find out how to convert and how it was spent abroad, which will reduce the financial corruption that played by some banks as processes of civil illegal. He continued: in addition to that it will provide an opportunity for the public to know the size of tax estimates of tax rates on the funds as well as it will monitor the process of disbursement of funds abroad and thus prevent the smuggling of currency abroad. He added that this process will not help on the statement of accounts for the public to lose confidence in banks own as he sees some people, but will be agreed work coordinating and accurately between private banks and the public taxes. The association of private banks had refused earlier to provide the general tax information to private accounts Finance for private banks, warning the public of their accounts revealed to the world, which lead to the loss of public confidence in banks eligibility.
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