Millionday News 12/02/14 Part 1
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Millionday: WE HAVE LOTS OF NEWS TONIGHT – SMILE WHOOOPOW
Millionday: OK HERE WE GO
Millionday: Tgb there are several options for addressing the crisis in the economies of countries granted flexibility in force of the negative impacts that those exposed economies,
and Iraq is one of the world's countries, which have more than one option available for access from the crisis that is facing.
Director In Mesopotamia Bank Abdul Hussein Mundhiri said that most of the global economies resorted in times of crisis to several options to address them,
either to cut spending or increase revenues, or both, and each economy, certain privacy be the motivation to direct it to take one of the three options mentioned.
Millionday: NOTE -- THEY ARE DISCUSSING THE OPTIONS TO INCREASE GOV REVENUES TO SUPPORT THE ECONOMY
Millionday: He said in an interview "Morning" that the Iraqi economy has sufficient flexibility to move toward the third option of increasing revenue and reducing expenditure,
pointing to the existence of several opportunities to increase revenue to guide the economy toward a broad and diverse production in all industrial, agricultural and service sectors,
as well as increasing the types and numbers assigned to pay taxes on by studying the reality of economic sectors and monitor its annual profits to be covered with tax laws.
Millionday: NOTE -- IRAQ IS ABLE TO IMPLEMENT INDUSTRY AND MARKET PRODUCTION AS WELL AS INCREASE TAXES IN ALL THE NATION
Millionday: He pointed out that Iraq can enhance tax efficiency by providing data on all domestic and foreign companies working in Iraq as a base and an increase similar to neighboring countries,
and this requires action to increase coordination between the tax authority and the rest of the state institutions , where the responsibility lies on providing the Commission with data for taxpayers institutions.
Millionday: NOTE -- DATA RESOURCES AND TRANSPARENCY WILL HELP THEM TO SUPPLY AS MUCH INFORMATION AS POSSIBLE AS THEY MOVE FORWARD WITH TAXATION
Millionday: The inclusion of Iraqi companies operating in the Arab and foreign countries as well as the Iraqis investors in overseas tax (according to Mndhira), where it should expand covered by the tax base beyond the border, similar to what I did America through VATIKA law,
as well as Britain, where these countries prosecute citizens who own investments of foreign bank accounts return them to the annual benefit in foreign banks.
Millionday: NOTE -- THEY ARE TALKING ABOUT THE LAW THAT DOES NOT ALLOW PEOPLE TO TAKE MONEY OUT OF THE COUNTRY AND HIDE IT TO AVOID TAXES ON THEIR INCOMES --- THIS SHOULD BE APPLIED
Millionday: urged to increase the fees collected by the state departments of citizens for services provided by them to promote fiscal revenue and raise customs on goods entering Iraq charge rate, especially luxury goods, or which produce like Iraqi factories to protect local product,
indicating that this policy of protectionism is the sovereign right of each country has pursued most of the existing states their economies, especially after the year manufacturing in 2008 in which the global financial crisis erupted and is still used and promoted war lowering currencies.
Millionday: NOTE -- AS WE SEE THEY HAVE THE RIGHT TO CREATE THEIR OWN TAXATION LAWS AS ALL DO
Millionday: NOTE -- OBVIOUSLY THE EXCITING PART IS THE DISCUSSION THEY ARE PLANNING ON REVENUES FROM EXPORT/IMPORT -- WHOOPOW
Millionday: Mundhiri said "the government can reduce the burden on the budget through the assignment of a number of special projects energy and services to the private sector to take over the investment firms and banks financing these projects,
especially as the government program had indicated support for the private sector and strengthen its role in the reconstruction. " He stressed the importance of supporting Islamic finance work in order to contribute to reconstruction by funding in accordance with Islamic formulas
(Murabaha - share - Istisna'a) as it is available with Islamic banks huge potential to stimulate the economy and contribute to the infrastructure reconstruction through direct investment or through the financing of the construction companies and investors.
Millionday: calling to pass a law instruments Islamic order for this law contributes to pull a lot of liquidity broken among citizens and investors who wish to run their money through an Islamic investment methods and these instruments will be available to Islamic banks, companies and the government,
noting that it promotes the treasury resources and will enter the gates of revenue budget, as it has done Some Muslim countries and the allocation of the Islamic Bank of Mesopotamia to be the arm of government to handle the instruments.
Millionday: NOTE -- MONEY MAKES MONEY -- MEANING THAT THEIR MONEY WILL CREATE FUNDS AS WELL THROUGH BANKING IN THE GLOBE AS WE HAVE AS A REVENUE AS WELL
Millionday: Either on the side of spending cuts, there is a lot of doors exchange must be re-considered whether its size, type or importance including the abolition of some ministries and agencies is related to the Ministry and restructured and merged with like-for its work ministries.
It also pointed to a decline in oil prices was the result of increased oil supply in market, as well as the resort a number of countries for the production of oil from shale or resort to alternative energy
such as coal, gas or renewable energy such as wind, sun and this has become necessary for us to re-examine the revenues and expenses of the budget in the light of new economic developments and that does not include the study year, the reality of 2015 only.
Millionday: SO THEY ARE TALKING ABOUT MAKING CHANGES WITH ENERGY AS WE HAVE SEEN WITH MANY COUNTRIES DUE TO THE LOWER PRICE OF OIL –
THESE TALKS ARE MANY WAYS TO FUND IRAQ TO STIMULATE THE ECONOMY AS THEY ENTER A MARKET ECONOMY AND ALSO ESTABLISH HUGE NEEDS FOR PROJECTS TO HAVE FUNDING –
THEY OBVIOUSLY HAVE MANY NEEDS FOR REBUILDING
Millionday: REMEMBER THESE ARE THE MANY OPTIONS THEY ARE DISCUSSING
Millionday: BRB WITH MORE
awesomedtl: OF COURSE THEY DONT SAY WHEN THIS WILL BE IMPLEMENTED??? OR DID THEY BY SAYING 2015??
Millionday: NO THIS IS A DISCUSSION OF OPTIONS FOR THE GROWTH OF THE IRAQI ECONOMY --
Millionday: Press Statement Marie Harf
Deputy Department Spokesperson, Office of the Spokesperson Washington, DC
We congratulate the Iraqi and Kurdistan Regional Governments on reaching a broad agreement on revenue management and oil exports originating from the Iraq Kurdistan Region and Kirkuk.
This resolution, in line with its constitution, allows all Iraqis to benefit equitably from Iraq’s hydrocarbon sector. This agreement will further strengthen both Iraq’s Federal Government and the Kurdistan Regional Government as they work together to defeat ISIL.
Millionday: THIS IS A CONGRATS TO THE COMPETION OF THE HCL WHOOPOW
Millionday: WORKING TO GAIN IN THEIR ECONOMY IS VERY POSITIVE DUE TO THE SUBJECT MATTER -- SMILE
Millionday: BRB WITH MORE
Millionday: Council of Representatives Sheikh d. Hamoudi about the intention of Parliament to lift restrictions in the investment and the elimination of financial and administrative corruption law,
explaining that it contributes to the provision of appropriate atmosphere for European companies, especially German, and encourage the arrival in Iraq and their contribution to actors in Aamarh.oakd Sheikh Hamoudi process during a meeting with the German ambassador Eckhard prominence in his office yesterday, according to a statement «morning» received a copy of it,
Millionday: NOTE -- PARLIAMENT IS WORKING TO OPEN UP INVESTMENT AND REMOVE RESTRICTIONS THAT HAMPER GROWTH IN IRAQ
Millionday: the need to «unite efforts in eliminating the danger of Bdaash that threatens peoples and the interests of all countries», indicating that «the right way to build a successful state institutions is to eliminate these gangs within the framework of the law and all military operations addressing them should be within the central state administration. »
For his part, the German ambassador «reiterated his country's desire to deepen bilateral relations between the two countries», expressing «optimism efforts by the State in its fight against corruption and the fight against Daash in order to achieve security and stability and to move the construction and reconstruction projects».
Millionday: SO AS WE SEE THE GOAL IS TO MOVE FORWARD WITH PROJECTS AND INVESTMENT IN IRAQ AND NOT ALLOW THE TERRORISM TO CONTINUE TO CRIPPLE IRAQ`S GROWTH ECONOMICALLY
Millionday: THIS CAME FROM A MEETING WITH THE GERMAN AMBASSADOR
Millionday: NICE PROGRESS IS WHAT WE LOVE
Millionday: BRB WITH MORE --
Millionday: HERE WE GO WITH WHOOPOW NEWS
Millionday: ended yesterday chapters dispute financial and administrative between the federal government in Baghdad, and the regional administration in Kurdistan,
after it reached a formal agreement is long overdue regarding oil exports, and the conversion of the budget payments to the federal provincial authorities.
After days of in-depth discussions conducted by the provincial government delegation with officials in Baghdad, the parties reached a final agreement regarding the outstanding issues, in the presence of Prime Minister Dr. Haider al-Abadi and President of the Kurdistan Regional Government Nechirvan Barzani, local and UN blessing
Millionday: NOTE -- THE AGREEMENT IS FORMAL -- NICE
Millionday: The agreement provided that "the Iraqi oil belongs to all Iraqis, that the Kurdistan region to hand over at least 250 000 barrels of oil per day to the federal government."
It also included the export of 300 000 barrels per day from the Kirkuk fields through a pipeline Kurdistan line, revenues go to Bgdad.otakd information received "morning" that the final agreement between the governments of the center and the region, "Seder about $ 14 billion a year budget in 2015".
Millionday: High-level source in the Abadi Office, explained that "the agreement between the parties in the interest of everyone, especially as the amount of oil to be released towards the port of Ceyhan will be 550 000 barrels a day" in Favorites,
the Special Representative of the Secretary General of the United Nations in Iraq, Nikolay Mladenov welcomed the agreement between Federal governments and the Kurdistan region.
Millionday: SO AS WE SEE -- THE US , THE UN, AND IRAQ IS ALL HAPPY WITH THE AGREEMENT MADE FINALLY BETWEEN THE KURDS AND THE IRAQI FEDERAL -- LOVE IT
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