NOVA » May 11th, 2014,
Wow, Are You Kidding Me????
For Years Most Of The Information On This Investment Has Be From The Inside Out
In The Past Two Weeks More Info On This Investment Has Come From The Outside In.
Fascinating, Why Now? Nova
NOVA » May 11th, 2014,
I Encourage Everyone To Study This, Along With May Other Laws That Take Effect July 1.
July 1 Is Not The End Of The USD, But It Is The Beginning Of Monumental Changes In What We Has IQD Investors Will Need To Deal With!!!!!!
Why Would Iraq Do This Now? Large US Companies Have Been Doing Business In Iraq For Year's!!!
O But They Had To Go Thru The UNSC, So The US New All About It!!!
What Is Going To Change That Will Attract The Little Guy, You & Me?
O Maybe The Ability For You And I To Use Our IQD!!!!!!
And Iraq Is Saying Don't Worry USA Will Will Tell You All About It On July 1
Chinese-American agreement in the fight against tax evasion
Yemen News Agency
Announced that the U.S. Treasury reached last night for Hong Kong and the United States to an agreement to share information under a new law aimed at combating Americans evade taxes abroad.
It will be necessary this law taking effect on July banks and investment funds and foreign insurance companies to provide information to the U.S. Internal Revenue accounts owned by the U.S. and more than 50 thousand dollars.
And foreign companies will face a tax offense reservation of 30 per cent returns on their investments in the United States may be effectively taken out of the U.S. capital markets.
- See more at: http://www.elaph.com/Web/Economics/2014/5/903008.html?entry=banking_finance#sthash.Niwx91jk.dpuf
Taiwan may be added to FATCA list in June: FSC
May 10, 2014, 12:00 am TWN
TAIPEI--The United States is expected to include Taiwan by the end of June on its list of countries considered to have a valid Foreign Account Tax Compliance Act (FATCA) intergovernmental agreement in force, the Financial Supervisory Commission (FSC) said Friday.
FATCA, which took effect in the U.S. Jan. 1, 2013, is aimed at reducing overseas tax evasion and targets U.S. taxpayers with more than US$50,000 of undeclared earnings from offshore bank accounts and investments.
From July 1 this year, foreign financial institutions are required to report to the U.S. Internal Revenue Service information about financial accounts held by U.S. taxpayers or foreign entities in which U.S. taxpayers hold a substantial ownership interest.
Foreign financial institutions that fail to comply with FATCA face a 30 percent withholding tax levied on their U.S. transactions.
Inside Iraq within the agreement «leaning back FATCA»
Baghdad - Mostafa Hashemi
said economic expert, Dr. appearance of Mohammed Saleh: that Iraq within the Convention "Alvta" (Law Alamttal new tax American) citizens of a naturalized U.S. citizen in the whole world and passed by Congress in 2010.
known as "Alvta" It is an abbreviation for Foreign Account Tax Compliance Act as measures limiting evade American citizens to pay taxes to the government, has been working out recently in 30 countries in the world.
Saleh said in a statement (morning) that work this Convention gives immunity reciprocal for both Iraq and the United States in the field of taxes and follow-up the movement of money in addition to that it increases the transparency in the exchange of information between the two sides of government.
pointing out that the banks operating in Iraq covered by the Convention "Alvta" reduction of tax evasion when entering Iraq to the Convention effectively.
said that if the U.S. citizen, for example, to pay for the premium or the 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 value is high, and put the buyer can not buy it, he will face the buyer two counts, but that he had other income and by concealing the IRS, or he owns entered illegally or is the process of money laundering.
decided some countries make the deal banks with the IRS the U.S. directly, what makes its financial institutions subject to "Alvta", or face sanctions that will be taken by the United States against the banks, the countries that do not reveal private accounts, Americans have deduct 30 percent of their accounts in banks the U.S., and to prevent the final of the handle.
his part, said the academic economic Dr Essam Mahouelle told (morning): that taxes in the United States high and expensive as well as higher wages for manpower there, what makes some of them looking for the establishment of Projects bring him profits in countries where the tax payment is less and the cost of manpower is low.
, and added that this agreement serves the American side too much compared to some of the banking facilities provided by the United States of the member states of the Convention.
his part, said adviser in matters of international trade Tawfiq inhibitor (morning ) should be developed banking system and make refineries international regulations so that Iraq can benefit from this agreement. He said that the agreement gives member states the legal cover for the freedom of action of the banks along with granting facilities to the business of banking.
NOVA » May 11th, 2014, And We Ask Where Is Maliki?
One Might Say He Has Been Protecting His/Our Investment And The US Is Quite Happy!!!
Prime Minister Nuri al-Maliki receives Commander of U.S. Central Command
Sun May 11 2014 2:15 p.m. | (Voice of Iraq) - His Excellency the Prime Minister Nuri Kamal al-Maliki in his office today, the official commander of U.S. Central Command, Gen. Lloyd Austin, accompanied by the U.S. ambassador in Baghdad, Mr. Robert Beecroft and Assistant Deputy Minister of Foreign Brett Macairk and a number of senior army officers U.S.. confirmed Mr. Prime Minister, on the importance of strengthening military cooperation and armaments between the two countries in line with the security agreement signed with the United States.
said sovereignty to the Iraqi forces and directed lethal blows to the terrorists of al-Qaeda and Daash and cooperate with them, and will continue to follow them even eliminate them and rid Iraq in particular province Anbar of their criminal acts.
For his part, Gen. Austin continued cooperation between the two countries and the willingness of the U.S. to support the Iraqi army, armed and trained, and said that the battle against terrorism, a common battle and must eradicate these groups because they pose a threat not only Iraq but the entire region,