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A government advisor to Al-Sabah: 70% of the size of the gray market
The first 09/05/2024
Baghdad: Huda Al-Azzawi
The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Saleh, revealed the existence of a gray market amounting to approximately 70% of market or private sector activity, indicating that
this percentage evades paying legal taxes. Saleh told “Al-Sabah”:
“Taxes as a whole in developed countries constitute about (25) percent of the gross domestic product, while
in Iraq they do not exceed (4) percent due to tax evasion, as the unknown gray market in front of the tax authorities constitutes a percentage approaching Of (70) percent of market or private sector activity, while
negative taxes, which are subsidies from cash income paid to the poor class, constitute (5) percent of the annual gross domestic product, and
this is what constitutes the tax imbalance that compensates for the difference between the type of tax with oil revenue revenues..
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The first 09/05/2024
Baghdad: Huda Al-Azzawi
The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Saleh, revealed the existence of a gray market amounting to approximately 70% of market or private sector activity, indicating that
this percentage evades paying legal taxes. Saleh told “Al-Sabah”:
“Taxes as a whole in developed countries constitute about (25) percent of the gross domestic product, while
in Iraq they do not exceed (4) percent due to tax evasion, as the unknown gray market in front of the tax authorities constitutes a percentage approaching Of (70) percent of market or private sector activity, while
negative taxes, which are subsidies from cash income paid to the poor class, constitute (5) percent of the annual gross domestic product, and
this is what constitutes the tax imbalance that compensates for the difference between the type of tax with oil revenue revenues..
[You must be registered and logged in to see this link.]
