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BLC News and Comments w/ BondLady, tlm724 for 7-2-16
7/02/2016 08:13:00 PM BLC, Comments, News, tlm724
Bond Lady's Corner 7-2-16
News & Comments with BondLady & Tlm724
Jubouri receives Abadi discuss accelerate reforms to save the country from crisis 02/07/2016 10:10 | Direction Press / Baghdad Search head of the House of Representatives Saleem al-Jubouri, the Council of Minister Haider al-Abadi, accelerate reforms in the government in order to save the country from the crisis taking place.
A statement by the Office of the Speaker of Parliament, received "direction Press" a copy of it, that al-Jubouri, "received in his office, on Friday evening (yesterday), Prime Minister Haider al-Abadi, During the meeting, they reviewed the latest political and security developments in the country and the war on terrorism and ongoing preparations the process of editing the city of Mosul. "
"The meeting also discussed also the humanitarian situation of displaced people in the liberated areas and ways to rehabilitate those areas and the provision of basic services in preparation for the return of its inhabitants."
The statement continued , " The meeting also discussed the government to file the reforms and the need tospeed up in order to save the country from political and economic crisis that is going through". The sa http://aletejahtv.org/index.php/permalink/117450.html
Speaker of Parliament receives the Prime Minister and looking with preparations for the Liberation of Mosul and file re-displaced liberated areas July 01 .2016 Parliament Speaker Salim al-Jubouri, received in his office, on Friday evening, the Prime Minister, Dr. Haider al-Abadi.
During the meeting, they reviewed the latest political and security developments in the country and the war on terror, the ongoing process of liberalization city of Mosul and preparations.
The meeting discussed also the humanitarian situation of displaced people in the liberated areas and ways to rehabilitate those areas and the provision of basic services in preparation for the return of its inhabitants.
The meeting also discussed the government to file the reforms and the need to speed up in order to save the country from political and economic crisis, which is going through.
http://www.parliament.iq/details.aspx?id=65708&AlwType=Pre
http://www.bondladyscorner.com/t170509-jubouri-receives-abadi-discuss-accelerate-reforms-to-save-the-country-from-crisis
CBI reduces bleeding Auction dollar Iraqi government unveiled a modest steps to reduce Auction sales dollar, accused of being one of the biggest corruption windows, where dominated by affiliated to political parties are banks and monopoly over the importation of counterfeit bills.
Arabs [published on 07.02.2016, number: 10324, p . 11]
Bleeding cash coverBAGHDAD - The Iraqi Central Bank announced lower sales in the Auction dollar stunts during the first half of this year by up to 14 percent compared to the same period last year.
He said that decline reduced dollar sales by more than $ 2.64 billion to reach since the beginning of this year to 15.76 billion dollars, compared to about $ 18.4 billion.
He stressed Abdulkadir Mohamed, a member of the Finance Committee in the Iraqi parliament, the central bank sales decline of the dollar came after several measures in coordination with the Finance Committee in the Parliament to reduce sales to their lowest levels.
He told Anatolia that "the Finance Committee recently presented a study of the Central Bank, and asked him for adoption, and included a call for the reduction of sales within the auction sale of the currency to $ 70 million per day," pointing out that this amount is enough to meet the daily needs of the import of goods.
The documents leaked by the Iraqi politician Ahmad Chalabi of late has been revealed in the past year for the Auction dollar squandered nearly $ 312 billion during the rule of former prime minister between 2006 to mid-2014.
She pointed to fraud and irregularities in the process of buying the banks of the dollar, because it did not mention the companies that bought the dollar for its own account, in addition to the presence of irregularities because most of the companies not included in the public record companies.
Official data show that the Iraqi central bank's daily dollar sales currently amount to about $ 150 million.
Muhammad explained that "the central bank sales are still high, and can be codified in order to maintain a financial reserve of hard currency and strengthened."
CBI revealed that the foreign currency reserves fell in mid-June, about $ 15 billion annually comparing to reach about $ 53 billion.
Iraq is facing an economic crisis forced him to reduce the size of the financial budget as a result of lower oil prices and start a policy of austerity, while the Ministry of Finance announced the start of the tax laws.
Showed documents published last year, purchases one bank is a bank-Huda, which amounted to just over two years, more than 6.455 billion dollars details. And he said it was just an example of what I got dozens of banks associated with all the influential political parties.
Much of this is due "fraud and irregularities and crimes" to the corridors of the central bank, which was seized by al-Maliki, and he appointed close to him in all his joints, even before the dismissal of the governor of the bank Shabibi at the end of 2012, not subject to the dictates of al-Maliki, according to Shabibi's remarks.
The latest decision of the owners prior to his release from the Prime Minister's closest aides appointment of a central bank governor, which is on the Keywords, which continues today in his office, al-Maliki confirms the decisive influence in the activity of the central bank until today.
According to documents of the Finance Committee in parliament, then the central bank is still not providing the answers or "provide us with false information from remittance companies," meaning that the central bank is still involved in financial crimes.
Finance Committee has warned that the subject matter is very serious, and that "the Iraqi Central Bank began to resort to selling the dollar reserves of the bank after it became entered Iraq from less than dollar selling auctions oil sales."
She said that "if it continues in this vein, the foreign currency reserves in Iraq would be endangered."
http://www.alarab.co.uk/?id=84227
Herb62 Time to clean the kitchen !
tlm724 Yes !!!!!!
http://www.bondladyscorner.com/t170507-cbi-reduces-bleeding-auction-dollar
To diversify fiscal revenues coordination of services and goods taxes stimulate investment7/2/2016 0:00 BAGHDAD - Imad Emirate stressed economic academic Dr. Emad Mohammed Ali al - Ani of the Faculty of Administration and Economics at the University of Baghdad , the need for tax reform in a comprehensive manner and to move away from partial reforms by broadening the tax college Qaeda and rationalize the structure of the tax categories and dissemination of tax abatements and coordination of taxes on services with those imposed the goods.
«the taxes essence foundation in organizing the fiscal course of the state as one of the main sources of public revenues necessary to fund government spending on goods and services needed by the community to represent and seek governments to make the tax system has more efficient because of this system of importance in determining the role of the state in economic activity and social life ».
the tax base , said Ani« morning »on the issue of broadening the tax base Fbalamkan find new types of taxes as well as the reform of some existing taxes including value added tax , as it is necessary to use an effective step to bring about the expansion of the tax base and that the process capability for this kind of tax to generate revenue,
because it is imposed on the consumption it contains compel consumers mechanism (taxpayers), and therefore, the administrative cost him a relatively low compared with other types of taxes,
it 's also an important investment incentive because it is aimed at the consumer's spending rather than investment spending. he said the problem in this kind of tax that does not differentiate between income segments,
it is known that low - income owners are spending a large part of their income on consumption of basic goods compared with the high earners means carrying that slide burdens biggest tax for this type of taxes.
he proposed Ani try to remedy that problem through the exception of some commodity groups that are frequently consumed by the owners in, that accompanied the imposition of sales on some luxury goods , depending on the internal flexibility , as happened in Southeast Asia, and many developing countries adopted a modified or more VAT rates in order to achieve justice among some taxpayers pay.
it confirms Ani continued suffering of Iraq than double the effectiveness of the tax system in place that has caused many of the imbalances , both in the structure of public revenues , or in macro - economic variables or aggravate the budget deficit and the spread of its effects on the overall economy.
customs taxes and stressed the need for the customs tax reform by raising the effectiveness and efficiency of customs administration , which will enhance the success of foreign trade policies in developing exports and attract investment in the provision of appropriate customs revenues that contribute to ease the budget deficit outcome.
the project reformist Ani between the importance of the based customs tax reform on the axes head of which the development of customs laws in line with modern customs work systems , the global business climate and developments in response to the decisions of the World trade Organization,
calling for action on the removal of all distortions in the structure of tariffs in line with trend economic, investment and trade policies in the project Iraq, stressing the need to simplify customs procedures and adopting the style of selective censorship in order to reduce the cost of economic transactions ,
including working to increase productivity, reduce evasion of customs. resource development Ani stressed the need to develop custom development of human resources management, staff development programs , including faddish in force in the customs procedures and international expansion in the use of computers and automated information technology and the reduction of paperwork,
as well as activating the taxes on previously known car ownership b »car annual» which can generate good revenue, which is similar to a tax environment imposed by some Western countries for environmental protection, and to continue the imposition of taxes on mobile phone , which represents a good step to achieve the tax revenue from these investments.
Ani He concluded by calling for benefiting from international experiences in this field , where deliberately developing countries to broaden the tax base by turning it from a narrow pot of taxes on foreign trade to the broad bowl on consumption and domestic spending, and this in itself ensures expand goods and services subject to taxation, as these countries have resorted to imposing a tax on retail.
http://www.alsabaah.iq/ArticleShow.aspx?ID=119258
tlm724 customs taxes and stressed the need for the customs tax reform by raising the effectiveness and efficiency of customs administration , which will enhance the success of foreign trade policies in developing exports and attract investment in the provision of appropriate customs revenues that contribute to ease the budget deficit outcome.
the project reformist Ani between the importance of the based customs tax reform on the axes head of which the development of customs laws in line with modern customs work systems , the global business climate and developments in response to the decisions of the World trade Organization,
calling for action on the removal of all distortions in the structure of tariffs in line with trend economic, investment and trade policies in the project Iraq, stressing the need to simplify customs procedures and adopting the style of selective censorship in order to reduce the cost of economic transactions , including working to increase productivity, reduce evasion of customs.
He concluded by calling for benefiting from international experiences in this field , where deliberately developing countries to broaden the tax base by turning it from a narrow pot of taxes on foreign trade to the broad bowl on consumption and domestic spending, and this in itself ensures expand goods and services subject to taxation, as these countries have resorted to imposing a tax on retail.
http://www.bondladyscorner.com/t170544-to-diversify-fiscal-revenues-coordination-of-services-and-goods-taxes-stimulate-investment
Our economy ... Landmark
7/2/2016 0:00 Thamer Alheims km was very beautiful that they are up economic road map to the educated elite through economic Faris Al Salman , head of Baghdad 's forum, in Rbaith published on page economic newspaper «morning» to put at least Almthabat and illuminations , which owns power and conviction so as not shaken by factional interests or internal or external economic agendas.
so , the Quartet ( the paper) to aim the stone in the pond recession and the current deadlock. Political and cultural Valmsogat to the economy of a social identity to the economy as long as the theater and laboratory experiments did not notify mostly, at least regionally, acceptance or success , whether socialist or liberal experiment open.
Economy Anaftahi as we have seen here in the two trials of a centralized economy has succeeded in some of the joints did not extend to the elements social and offset by the receipt of bureaucracy to Alanaftahi economy afterwards.
But our experience almost in line with the mentioned experiment, it was nationalizations in 1964 and the ensuing different addresses form also to lead to highly centralized and intractable to put us immediately after the (2003) in front of chaos and randomness as the free economy, at which time he left most of the patrons to retreat to the edges of socialist democracy and leadership historical.
balance economic and so on in the economies of the Scandinavian countries to thrive and middle class to provide the basic needs of the people and guarantees a healthy, social and cultural all segments of society.
Fterkibh Iraqi rentier economy put us away from the experience of a free economy and hidden hand of the competition , as preached by Adam Smith (that restore economic balance) and therefore social, were faced with crises and cycles traditional free market economy paid for still, Valraa oil put our economy at stake , as manifested itself after falling prices oil, as well as agricultural and industrial economy does not constitute produced only 5 percent of the national output.
international trade , making the Iraqi and Arab land that Tkona arena of international trade (import) investment flows from western countries and the United States were trade (export) accounts for 84 percent of total flows Arab states and Industry 6 percent and the rest of the activities 9 percent and agriculture 1 percent.
There is no doubt that the agricultural and industrial middle class and her maid third sector Klojcetk were absent during the experiments above in favor of Logistic regional and international relationship did not reach the bottom of society nor to the social or economic middle class leading historically.
so be Deuteronomy quad economic head of Baghdad forum maiden and a hub for conferences and seminars to put an end to disperse in the economic visions in order not to pay the price the Iraqi economy inspissated injured crises and various kinds and so we put the foundation stone of economic identity and a road map in the tunnel do not want him to Eetmd more through dimensions landmarks do not ignore any Iraqi economic or political reform he wants.
http://www.alsabaah.iq/ArticleShow.aspx?ID=119256
tlm724 yep if Iraq had followed Adam Smiths theory of a free market economy they would be way ahead of the game ! Smith theorized that
" the idea that an "invisible hand" guides supply and demand are among the key ideas Smith's writing is responsible for promoting. These ideas reflect the concept that each person, by looking out for him or herself, inadvertently helps to create the best outcome for all. "It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest,"
By selling products that people want to buy, the butcher, brewer and baker hope to make money. If they are effective in meeting the needs of their customers, they will enjoy the financial rewards. While they are engaging in their enterprises for the purpose of earning money, they are also providing products that people want.
Such a system, Smith argued, creates wealth not just for the butcher, brewer and baker, but for the nation as a whole when that nation is populated with citizens working productively to better themselves and address their financial needs. "
http://www.bondladyscorner.com/t170543-our-economy-landmark
Thanks to: http://inteldinarchronicles.blogspot.com
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