Sunday, December 31, 2023
Federation of Chambers of Commerce: The electronic tax platform has become inevitable, 31 DEC
Federation of Chambers of Commerce: The electronic tax platform has become inevitable
12/30/2023
The Federation of Iraqi Chambers of Commerce confirmed today, Saturday, that adopting the electronic platform for paying taxes has become inevitable as part of government steps it described as “positive” to attract major merchants, companies and international brands to work in Iraq.
The president of the federation, Abdul Razzaq Al-Zuhairi, told the official media and its follow-up, Al-Ghad Press, that “access to the electronic platform for paying taxes has become inevitable and will be implemented within the time frame set by the General Tax Authority, but there is a major problem represented by small merchants who now represent the majority, as they are forced to go to the parallel market.
He added, "There has been an old fear for decades between the merchant and the government , " noting that "a positive tax system has been launched, but we need to restore trust between the merchant and the government ."
He pointed out that "the majority of the Iraqi market is made up of small merchants, due to the circumstances that Iraq went through," stressing that "the equation will change during the coming period, and large international companies and labels and large merchants will enter the Iraqi market, while small merchants will be shoppers ."
Al-Zuhairi continued, "Taxes created a kind of gap and problems for many Iraqis, including the loss of files, the similarity of names, taking deposits without refunding them, calculating the tax twice, and other problems ."
He explained that "the recent decision of Prime Minister Muhammad Shiaa Al-Sudani will change many of these problems, but the implementation needs to be strict , " pointing out that "Iraq deals with white money with countries of the world, so the issue of the electronic platform is positive, and it is a global step ."
Earlier, the General Authority for Taxes announced the adoption of electronic payment in a binding manner in the payment of taxes, starting from January 1 of the new year 2024, and the start of implementing the self-assessment system for the first time in Iraq. LINK
"RV UPDATE" BY BRUCE, 31 DEC
BRUCE
According to our RC sources that we heard today and over 10,000 in the US, they are ready for us and what is interesting to me is the number of so-called Treasury Marshals who work for them in the RC and who are being flown today around the world. country, so no less than 5 or 6 in each RC in turns;
at least some RCs in Miami and Orlando are open 24/7, as are Houston and Texas; again, some are open 24/7, so if you had 6, they would be splitting the shifts and this is something new. Something real that has been happening for days.
This same leader is saying that there is a strong possibility of being notified on Friday and starting trading on Saturday (that opinion was also shared by a WF Bond Prime Minister). Almost the same language was shared: a good, strong possibility of exchange was reported and the last two sources. from the US Treasury today and what they told you this Friday Saturday could be a request for bondholders and not for us, but for T4B to receive emails on January 1 and set appointments for Tuesday, January 2 January for exchanges.
Now we would love to have it on Friday/Saturday, but those other two sources say 1st and 2nd. Remember what also happens on New Year's Eve: the new USTN hits the ATM overnight and will be available on Monday, which is a bank holiday, so the first chance to get them at banks would be Tuesday.
https://dinarevaluation.blogspot.com/2023/12/only-intel-by-bruce-english-spanish-30.html
BRICS Expansion: Five New Nations to Amplify the Bloc’s Influence, 31 DEC
BRICS Expansion: Five New Nations to Amplify the Bloc’s Influence, 31 DEC
The BRICS group, a coalition of Brazil, Russia, India, China, and South Africa, is set to welcome five new members into its ranks, including Iran, Saudi Arabia, the United Arab Emirates, Egypt, and Ethiopia. This expansion, which takes effect from January 1, 2024, represents a significant increase in the representation of the Global South within the bloc and signifies a notable shift in the alignment of emerging economies.
Strengthening Influence of BRICS
By uniting influential energy producers with major energy consumers among emerging markets, the expansion is expected to reinforce the group’s influence as a representation of the Global South in international politics. The inclusion of the new member nations not only increases the bloc’s geographic diversity but also enhances its geopolitical and economic power.
BRICS as a Platform for Economic Partnership
Aside from the five nations joining, Pakistan has formally applied for membership, and countries like Nigeria, Turkey, Mexico, and Iraq have expressed interest in joining the bloc. This growing interest in BRICS membership underscores the bloc’s rising prominence as an alternative global platform for cooperation and economic partnership among developing nations.
Challenges and Opportunities for the Expanded BRICS
Despite the exciting prospects, the expansion also brings potential challenges. The presence of regional rivals within the expanded group could potentially weaken cohesion. However, the BRICS alliance has demonstrated its ability to work pragmatically across ideological lines with different nations. The expansion aims to provide an alternative source of funding for national development projects and deal with sovereign debt, detached from typical conditions of traditional financial institutions like the World Bank and the International Monetary Fund.
In conclusion, the expansion of the BRICS bloc marks a critical moment in the evolution of the group and signifies its growing influence on the world stage. As the representation of the Global South within the bloc expands, the trajectory of BRICS is set to impact worldwide economic and geopolitical affairs significantly.
"RV UPDATE" BY NADER FROM MID EAST, 31 DEC
Nader From The Mid East
Don't worry about the budget. The budget has nothing to do with nothing. Has stuff to do with making the economy stronger and all that stuff but has nothing to do with the rates...
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