Symposium on maximization of tax revenue at the higher institute for accounting studies

Symposium on maximization of tax revenue at the higher institute for accounting studies

  Higher institute for accounting and financial studies at Baghdad University held its scientific symposium entitled “maximization of tax revenue to support government spending” under the auspices of the president of Baghdad university, prof. Dr. Alaa Abdul Hussein Abdul Rasul, the dean, prof. Dr. Muwaffak Abdul Hussein, the representatives of general commission for taxes and financial studies division. The symposium came to develop solutions to the economic crisis in our country. Director of the institute, Dr. Muwaffak Abdul Hussein in his speech stressed on the need to find new sources of financing government spending, reviewing the structure of the Iraqi economy by encouraging agricultural and industrial sectors, investment promotion, tax determination in a way that did not constitute a burden on the poor. Director General of the general commission for taxes, Kazim Ali Abdulla participated in this event through his paper that was delivered on his behalf by Dr. Karim Salem kamash, director of department of corporations at the commission, stressing on the importance of the role of the tax unless it affects low-income owners and the importance of tax reform, saying that only 1% of people pay taxes. Also he addressed the relationship between the central government and the territory since tax collection is the duty of the government according to the Iraqi constitution but noted the territory maintained its taxes this represents a government deficit in maximizing the tax role and awareness of people in this regard as a national contribution not a compulsory collection. He also stressed on the need to activate agriculture, industry and reducing tax exemptions that are donated generously in our country. For his part the university president stressed on the importance of submitting resolutions along with right strategies through media in advance before application and hoped that these studies and symposiums would be frequent and the recommendations should be taken into account to draw strategies of the country for avoiding falling into crises. The symposium also hosted prof. Abid Mahal, assistant secretary of cabinet formerly who stressed on resort to scientific institutions to develop strategies to avoid financial crises in addition to the need for other sources than oil for it is connected with the political side more than the economic aspect and stressed on the need for customs tariff act and the importance of field audit.

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