This is really cool. Apparently Iraqi's (policeman and the like) are not only being paid more (Up to $275 a month from $25), but also prices are coming down because there are currently no "customs duties, import taxes, licensing fees, [or] similar surcharges." "The US led coalition's order on June 7 that suspended such charges has made Iraq a virtual free-trade zone, at least until the end of the year." Amazing what free trade does for a country.
Also, I really like the new Iraqi finance minister, Kamil Mubdir al-Gailani, mainly because he imposed a 15 percent flat tax. Um, Kamil? When you're done over there, would you like to be our Secretary of Commerce? Please?
Posted by Blog Jones at September 26, 2003 04:35 PM