MOSUL TIME RADIO
The Economy and Investment Committee in the Iraqi Parliament revealed She revealed exciting details related to companies operating in the country, and said that some of them are exempt from taxes under political cover .
Deputy Chairman of the Committee, Yasser Al-Husseini, said “There are investment companies that entered Iraq under the cover of political parties, and they are immune from taxes and fees, and some of them are completely exempt from taxes with the support of those parties .”
Al-Husseini added, “The tax exemption for investment companies created feudal lords at the expense of Iraqi funds, and that the exemption included companies operating in projects of residential complexes and cities such as Al-Jawahiri City and other cities, in addition to investment projects in which the tax rate did not exceed 2 %.”
He pointed out that “tax exemption for investment companies, whether foreign or Iraqi, is achieved by supporting political parties to serve their own interests.”
