Economist: tax exempt companies from supporting the economy

Economist: tax exempt companies from supporting the economy

13-11-2013 12:57 PM

Economist-tax exempt companies from supporting the economy Baghdad (news) .. Said economist Maythem Laibi, that the issue of exempting foreign companies and local taxes for a specific time period, an important step and necessary to support the country’s economy.
said Laibi (of the Agency news): that a lot of foreign companies have not attracted to this decision because there are obstacles to greater may encounter during entry Iraq to invest in it, pointing out that the most important problems is the security and political situation deteriorated and the financial and administrative corruption Alsthari in all state institutions. added: that the tax exemption to attract oil companies huge in southern Iraq with big profits are borne by such risk and entered the large investments and achieved successes impressive. mentions The Council of Ministers approved a bill to exempt the Iraqi and foreign companies implementing investment projects from taxes and fees earlier and pending a vote by the House of Representatives. / End

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