Central Bank adviser: tax and banking sector suffer from significant problems

[alan_coaks_3]

6 - 19 - 2012

Baghdad (News) ...Central Bank adviser said the appearance of Mohammed Saleh, the tax system and the banking sector suffered from major problems impeding the workflow.

He said Saleh (News Agency news) on Tuesday: the tax and banking sectors suffer from problems hampering the progress of their work include mental Bank inadvertent still dominant banks and absence of tax culture and lack of modern electronic system.

Saleh said: the tax system and the banking sector needs to develop the structure of banking systems and open workshops and intensive seminars and need global expertise to advance the long dormant banks, stating: the parliamentary Finance Committee initiative invested her meeting with the US delegation to ask the banking sector problems and taxation is an important initiative.

Central Bank adviser said: America has one of the best arts tax in the world so that step being taken by technical assistance by providing workshops and training for Iraqi bank managers are good steps to improve the infrastructure of the banking sector and tax to stabilize economic growth in Iraq.

Valid to: drew that Congress plays a significant role in promoting enterprise in Iraq, including the Central Bank, which is one of the best projects carried out, and it commended the role, adding, without Congress, since the Central Bank's presence in Iraq.

The parliamentary Finance Committee held a meeting with a delegation from the US Treasury Department and the u.s. Embassy in Baghdad, where the most discussed problems of the banking system and taxation in Iraq and how to find the most rapid solutions.

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