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 for under age 16 is paid to legal guardians

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)