Baghdad (news) .. The economic expert Ahmed Ibrihi the inability of government to impose taxes on economic sectors, to fund the annual expenditure as a result of lack of volume of production of these sectors, calling for the need to develop the corporate sector in conjunction with the capital market.
said Ibrihi in a statement to the Agency ( news) Friday: used to the Iraqi government to relax the tax for all economic sectors as a result of the state's reliance on oil imports to spend the annual and can not impose taxes on other economic sectors due to lack of volume of production which determines the earned income and profits for these sectors.
and Oharibrihi that all countries of the world is a tax is the main source of financing government spending, but Iraq, as oil country, reduce taxes on other sectors.
and called for private sector development through the use of modern technology in production and to identify new methods and techniques attic level in management and organization to contribute in the process of investing in country.
The economic expert: that government support was submitted primarily basic agriculture either the support provided by the industry very little is done through loans, Industrial Bank and these come with benefits and guarantees, stressing the sector that does not depend on government support, but relies on its components and its investments, because market is profit if my activity had not achieved his capital did not invest.
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