Finance parliamentary: exempting foreign companies and local taxes will solve the unemployment crisis

Admin Mon Jun 24, 2013 6:21 pm

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24-06-2013 | (Voice of Iraq) - Add a comment -
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Baghdad (news)

Parliamentary Finance Committee confirmed that the government's decision to exempt foreign and local companies investing in the country of taxes will solve the unemployment crisis in Iraq.

The head of the parliamentary Finance Committee Haider Abadi (of the Agency news): The government's decision to exempt foreign and local companies operating in the country as investment projects from taxes and customs duties is a step in the right direction.

And: that there is a contradiction when the government and the House of Representatives Both are want first of resources from taxes, fees and the second want to stimulate business and create jobs even eliminate unemployment.

He continued Abadi: that his committee was determined to choose the second, which is more important is that stimulate action and increase employment opportunities for that in real there unemployment large in the country, noting that the decision would also improve the standard of living of citizens through the entry of firms and work largely without restrictions or routine.

The Abadi: that exemption as a first stage would be for five years is expected to extend for ten more years, adding that it will be a key driver to foreign companies that had a frequency of access to the Iraqi market to work with it but after this decision will have access smooth and true.

The Council of Ministers has decided in its regular exempting foreign and local companies implementing investment projects from taxes and fees.[/ltr]

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