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Parliament seeks to raise taxes on banks, mining, instead of fuel

04-03-2013 12:00 AM


Ammon News - By Wael Jaraysheh

AMMONNEWS - The Finance and Economic Parliamentary Committee announced this week that it will seek to alleviate the financial burdens off citizens by increasing taxes on other sectors, including banks, mining, and telecommunications companies.

Committee Secretary MP Nassar Qaisi said that the committee will take utmost measures to improve the economic conditions in the country in part of "corrective plans" being drawn up by parliament.

Qaisi said in statements to Ammon News that the committee will embark on amending legislations to increase taxes on banks, mining, and telecommunications companies based on a progressive tax mechanism that ensures a fair and equitable taxation system.

"We have heard and talked about progressive taxation of these sectors for some time now but nothing has been implemented yet," Qaisi told Ammon News, stressing that "citizens will soon witness tangible measures in this regard."

Qaisi stressed that these measures comes in part of the efforts of the Finance and Economic Committee's objective to alleviate taxes on fuel derivatives and look for alternative sources of taxation that do not increase the financial burden on citizens.





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