Green Party

(2029 Iraqi Parliamentary Election)

(Draft Bill)

IQD350,000 monthly Universal Basic Income per citizen under a IQD3,500,000 yearly income

Universal Basic Income is based on the previous or projected 12 months

Universal Basic Income for under age 16 is paid to legal guardians

Universal Basic Income is non-refundable and non-taxable

IQD2500 an hour minimum wage

20% consolidated flat tax over IQD1,200,000 a year (with double taxation)

20% corporate tax on profits

20% value added tax tax on each stage of sale (paid quarterly)

20% value added tax on imports

VAT tax registration over IQD1,200,000 a year

Sole trader registration over IQD1,200,000 a year

Estimated Revenue: IQD250 trillion a year (IQD10 trillion surplus a year)