Thread: Iraq/Dinar News. before Febuary 2nd 2006

Originally Posted by draft138

Forgive my ignorance folks, but could someone help me find the tax laws regarding currency exhange. Someone preciously had said that it was 15% but my accountant (small town hick type CPA) said she did not think currency exchange was taxable. SO I am confused.

I appreciate the help

JD

Go to this thread
http://www.rolclub.com/iraqi-dinar-d...ated-here.html

Alot of good info there!

America-Meeting
كتب: nakr2004 في يوم الجمعة, 26 يناير, 2007 - 07:58 PM BTBooks : nakr2004 on Friday, January 26, 2007 7:58 PM-BT

رئيسة مجلس النواب تؤكد دعمها للحكومة العراقيةChairperson of the House of Representatives reaffirms its support for Iraqi government
بغداد-( أصوات العراق)Baghdad - (Voices of Iraq)
قالت رئيسة مجلس النواب الامريكي نانسي بيلوسي اليوم الجمعة إنها تدعم الحكومة والمسؤولين العراقيين في مسار تحقيق الامن والاستقرار في البلاد .
وذكرت قناة العراقية مساء اليوم أن بيلوسي قالت في اجتماع مشترك مع رئيس الوزراء العراقي نوري المالكي عقد في بغداد اليوم "اننا هنا لإظهار الدعم للحكومة العراقية وللوقوف على حقائق الامور كما هي."The channel this evening that the Iraqi Bilosi said in a joint meeting with Iraqi Prime Minister Nuri al-Maliki held in Baghdad today, "We are here to show support to the Iraqi government to ascertain the facts as they are."
وأشارت إلى أهمية دعم التجربة الديمقراطية في العراق وعملية نقل المسؤولية الامنية للقوات العراقية , وقالت "جئنا مع وفد كبير ومهم من الكونجرس للوصول الى تبادل وجهات نظر الطرفين العراقي والامريكي."She pointed out the importance of supporting the democratic experiment in Iraq and the transfer of security responsibility to Iraqi forces, saying "we have come with a large delegation from the Congress, important for access to the exchange of views of the two sides Iraqi and American."
وتعد هذه هي الزيارة الاولى التي تقوم بها بيلوسي إلى العراق منذ توليها رئاسة مجلس النواب الامريكي بعد فوز الحزب الديمقراطي باغلبية مقاعد مجلس النواب خلال انتخابات التجديد النصفي للكونجرس في تشرين ثان نوفمبر الماضي ، إلا أنها كانت قد زارت العراق عام 2005.It is also the first visit by the Bilosi to Iraq since assuming the presidency of the American House of the Democratic Party after winning a majority of seats in the House of Representatives during the term of the Congress in the November second last November, but it had already visited Iraq in 2005.
واوضحت بيلوسي "كان لقاؤنا مع المالكي بناء ونتمنى النجاح بما يحاول رئيس الوزراء ان يعمله."The Bilosi "was in the meeting with al-Maliki building and wish success to the Prime Minister is trying to do."
ومن جانبه أكد المالكي على عزم الحكومة على مواجهة الجماعات المسلحة وتفعيل التيار السياسي في العراق.For his part, al-Maliki of the government's determination to confront armed groups and the activation of the current political regime in Iraq.
وكانت بيلوسي قد وصلت اليوم الجمعة الى بغداد في زيارة غير معلنة على رأس وفد من اعضاء الكونجرس ضم رؤساء بعض من لجانه .The Bilosi had arrived today, Friday, in Baghdad on a visit undeclared at the head of a delegation of members of Congress included the heads of some of its committees.
م ع -ح نRB-h n
Translated version of http://www.aswataliraq.info/?newlang=ara

Originally Posted by PopaDinar

DAVOS, Switzerland (AFP) - Jordanian King Abdullah II has warned the United States that "tough decisions" would be necessary if its troop build-up in Iraq fails to work within six months.

Abdullah said at the World Economic Forum in Davos that he had questioned President George W. Bush about the open-ended nature of the deployment of an additional 21,500 US troops under a plan agreed with the Iraqi government.

"This needs to be benchmarked weekly or monthly and if in six months it's not working, then you are going to have to take some tough decisions," Abdullah said in a public debate.

"We'll try and all help to bring stability to Iraq," he added.

"But if the government cannot fulfill the demands that are expected of it, then we are going to call it for what it is and I think we'll have to look for where we go from there," he added.

Bush discussed his new Iraq plan with Abdullah II and Egyptian President Hosni Mubarak shortly after it was unveiled on January 10.

The US Senate, which is deeply skeptical about the White House strategy in Iraq, on Friday confirmed the nomination of Lieutenant General David Petraeus as commander of US forces deployed in the country.

Jordan's king gives US Iraq plan six months to work - Yahoo! News

I don't believe he has six months at home though. This is something that will have to be seen in the next 90 to 120 days for political pressure to subside. Just my humble but inadequate opinion.

Originally Posted by Inscrutable

LOL @ neno. I just noticed how you slipped the dinar picture in there with the rest.

Knew you had a Brain. Point MADE.

Originally Posted by draft138

Forgive my ignorance folks, but could someone help me find the tax laws regarding currency exhange. Someone preciously had said that it was 15% but my accountant (small town hick type CPA) said she did not think currency exchange was taxable. SO I am confused.

I appreciate the help

JD

http://www.rolclub.com/iraqi-dinar-d...ated-here.html

Originally Posted by draft138

Forgive my ignorance folks, but could someone help me find the tax laws regarding currency exhange. Someone preciously had said that it was 15% but my accountant (small town hick type CPA) said she did not think currency exchange was taxable. SO I am confused.

I appreciate the help

JD

It is not the exchange that is subjected to a tax, but the capital gain on the currency that is taxable. Whether you have held the dinar for a year or more may greatly reduce the tax rate you pay on that gain. The burden of proof is on you so hang on to all receipts.

CapeK

Originally Posted by CapeK

It is not the exchange that is subjected to a tax, but the capital gain on the currency that is taxable. Whether you have held the dinar for a year or more may greatly reduce the tax rate you pay on that gain. The burden of proof is on you so hang on to all receipts.

CapeK

True in the US. But I know a guy in Polland that just got his dinars held up at customes for a $1300.00 USD Tax. He had recieved them before. But this time when the 2 million ($1800.00 in value) came thru, they were inspected and held-up. Now they are sending them back to the Orginator. Since he knows him, they will try agian to a Norway Address. Point, it depends where in the World you are. This was a exchange, and was going to be Taxed to cross the Border. Just alittle info. Appreciate it, if the tax subjects would please end up in the Tax Thread. Thanks.

I have been thinking about this situation regarding the proposed HCL and the Kurds objections to it being passed without their agreement on some of the details.

Iraq is now a democracy and that means "majority rules". The Kurds do not have a majority position in parliament. So, if parliament decides to go ahead and vote on the HCL as it stands (the final draft prepared by the Oil Commmittee) and the majority of parliament votes yes then it becomes law whether the Kurds like it or not.

The Kurds by themselves (nor any other group individually) cannot hold up passage of this law.

I know Iraq is new to the concept of democracy and perhaps they don't realize the significance of this concept, but any one of us who has lived through this sort of situation in our own countries is quite familiar with it. We often see laws passed by the majority party over objections from the minority parties. No democratic government that I'm aware of requires 100% approval in passing legislation through parliament.

Anyone else have any thoughts on this?

Originally Posted by PopaDinar

Thanks Bill, that is interesting, I live in NC and had no clue they sell...

Banker's Bank has an office right here in Winston-Salem and a regional office down in Charlotte, I'm going to have to go check them out... I'll let everyone know there position once I go and speak with them after the weekend...

Thanks again

I have a friend who lives in Greenville,NC, any one know what bank sells there.

Originally Posted by Cdn Scrooge

I have been thinking about this situation regarding the proposed HCL and the Kurds objections to it being passed without their agreement on some of the details.

Iraq is now a democracy and that means "majority rules". The Kurds do not have a majority position in parliament. So, if parliament decides to go ahead and vote on the HCL as it stands (the final draft prepared by the Oil Commmittee) and the majority of parliament votes yes then it becomes law whether the Kurds like it or not.

The Kurds by themselves (nor any other group individually) cannot hold up passage of this law.

I know Iraq is new to the concept of democracy and perhaps they don't realize the significance of this concept, but any one of us who has lived through this sort of situation in our own countries is quite familiar with it. We often see laws passed by the majority party over objections from the minority parties. No democratic government that I'm aware of requires 100% approval in passing legislation through parliament.

Anyone else have any thoughts on this?

the kurds are not objecting on these rules they just want there past deals on oil to not be blocked or altered i wouldnt either!!!!