Treasury reduce the share of corporate profits due to production
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Treasury reduce the share of corporate profits due to production
Admin Thu Sep 19, 2013 2:33 pm
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[ltr]09/19/2013 09:30
Experts praised the government's decision to reduce the Treasury's share of the profits of public companies and conversion differences to expansions reserves.
Economic expert, Dr. Acer Yassin considered that this decision leads to make the incentive productive bigger by increasing the production capacity of the companies and the profits desired in the near future.
Yassin said in an interview for the (morning): "The conversion differences to reserve expansions and not to the operating expenses for those companies achieve the targets investment supports the advancement sector investment, "noting that by increasing the accumulation of investment companies are rehabilitated and thus increase production.
noted that the Council of Ministers has approved in its meeting of (40) the recommendation of the Committee on Economic Affairs on the amendment of Article (11 / Item IV) of the Companies Law No. (22) for the year 1997 (as amended) for the share of the treasury of the profits of public companies (25 percent) rather than (45 percent) and the allocation of 20 percent, which is reduced to a reserve expansions.
continued expert: It's "a reasonable rate for the intervention of the Treasury General and check expenditure accruing to the General Administration of companies, the reduction would be a catalyst for the advancement of companies and the productive sector, but in return must take into account that it realized expenditures in the general budget for the management of the companies. "
As for the problems of the sector companies mixed noted Yassin weak accumulations investment and the weakness of the Iraqi banking sector, supporting the government's decision to allow the partnership between public and private sectors, as it provides part of the funding required to restore the advancement of these companies, and therefore will be the Iraqi market and promising under what is available production of the ingredients in a favorable investment environment.[/ltr]
http://translate.google.com/translate?hl=en&u=http://www.imn.iq/news/view.9508/&sandbox=0&usg=ALkJrhhB9fB6JwvdIhGdt3VNSYsmBM48Nw
[/ltr][ltr]09/19/2013 09:30
Experts praised the government's decision to reduce the Treasury's share of the profits of public companies and conversion differences to expansions reserves.
Economic expert, Dr. Acer Yassin considered that this decision leads to make the incentive productive bigger by increasing the production capacity of the companies and the profits desired in the near future.
Yassin said in an interview for the (morning): "The conversion differences to reserve expansions and not to the operating expenses for those companies achieve the targets investment supports the advancement sector investment, "noting that by increasing the accumulation of investment companies are rehabilitated and thus increase production.
noted that the Council of Ministers has approved in its meeting of (40) the recommendation of the Committee on Economic Affairs on the amendment of Article (11 / Item IV) of the Companies Law No. (22) for the year 1997 (as amended) for the share of the treasury of the profits of public companies (25 percent) rather than (45 percent) and the allocation of 20 percent, which is reduced to a reserve expansions.
continued expert: It's "a reasonable rate for the intervention of the Treasury General and check expenditure accruing to the General Administration of companies, the reduction would be a catalyst for the advancement of companies and the productive sector, but in return must take into account that it realized expenditures in the general budget for the management of the companies. "
As for the problems of the sector companies mixed noted Yassin weak accumulations investment and the weakness of the Iraqi banking sector, supporting the government's decision to allow the partnership between public and private sectors, as it provides part of the funding required to restore the advancement of these companies, and therefore will be the Iraqi market and promising under what is available production of the ingredients in a favorable investment environment.[/ltr]
http://translate.google.com/translate?hl=en&u=http://www.imn.iq/news/view.9508/&sandbox=0&usg=ALkJrhhB9fB6JwvdIhGdt3VNSYsmBM48Nw
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