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Parliament is expected to join the project agreement "Alvta" and praising its experts

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Parliament is expected to join the project agreement "Alvta" and praising its experts Empty Parliament is expected to join the project agreement "Alvta" and praising its experts

Post  Admin Fri Jul 10, 2015 8:43 am



07/10/2015 11:58

Tomorrow Press / Baghdad: the House of Representatives awaiting the arrival of a draft law to join the agreement "Alvta" (the new tax law Alamttal US) for citizens of American citizenship campaign in all the world, while experts praised the move.

Known as "Alvta" which stands for Foreign Account Tax Compliance Act as measures limiting US citizens evade paying taxes to the government, has recently been working out in 30 countries in the world.

Said Finance Committee member Magda Tamimi for "tomorrow Press", "The House of Representatives awaiting the arrival of a draft law to join Alfatyka agreement, by the Iraqi Central Bank, which considered and prepared for discussion, in order to vote on them."

Tamimi explained that "This Agreement gives reciprocal immunity for both Iraq and the United States in the field of taxes and follow the movement of funds as well as it increases transparency in the exchange of information between the two sides of government."

She Tamimi said, "If the US citizen, for example, to pay the premium value or price of an apartment in cash, was discovered the subject of the selling company as recorded receipt of the amount in cash and the amount of high value, and put the buyer does not enable him to buy it, he will face the buyer two counts, but he was He has other income and the IRS to hide it, or that he has entered illegally or the money-laundering process and here comes the task of Iraq and his government Bmassarvh verification of that person. "

She said a member of the Finance Committee that "operating in Iraq, the banks covered by the Convention on the Alvta for the reduction of tax evasion when entering Iraq to the Convention effectively, so it must be steeled to this Convention through the preparation of the infrastructure of their specialists and mechanics of staff are similar to those applied in the United States The US and the rest of the state.

Furthermore, the expert in financial and banking affairs believer Abdullah for "tomorrow Press," that "taxes in the United States high and expensive as well as higher wages for labor there, what makes some of them looking for the establishment of check his profits in countries where the tax payment projects and lower the cost of labor is low. "

Abdullah said that "this agreement serves the American side much compared to some banking facilities provided by the United States of the member states to the Convention, which serves Iraq today in light of its financial crisis suffered by a negation of liquidity."

Abdullah stressed that "should the development of the banking system and make it a global refineries regulations for Iraq to take advantage of this agreement," returned to "the Convention member states give legal cover to the freedom of action of the banks as well as banking facilities granted to the business."

Some states and decided to make the deal banks with US IRS directly, what makes their financial institutions subject to "Alvta", or face sanctions, which the United States will take against banks countries that do not reveal private accounts Americans have truncate 30 percent of the accounts of US banks, and prevent the last of the handle.


http://alghadpress.com/ar/news/33530/البرلمان-ينتظر-مشروع-الانضمام-الى-ا

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