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View Full Version : Proof Oil Profits from Iraq go to U$ Pockets



Commie Girl
29th August 2005, 23:04
You got your self restricted :P before you could finish reading the replies about the war in Iraq being a good thing, in Politics, so to continue.........






The majority of oil profits will not go to U.S. businessmen. Where is your proof of this? Or does it just sound good alongside your anti-U.S. government rhetoric? Show me the proof and make it from a reputable source, not one of these left wing wackjob rags.



Just a sampling of proof:

http://www.commondreams.org/headlines04/1224-05.htm

http://www.globalpolicy.org/security/oil/2003/0425mold.htm

http://zmagsite.zmag.org/Jan2004/gupta0104.html

http://www.nationmaster.com/encyclopedia/D...t-Fund-for-Iraq

http://www.nationmaster.com/encyclopedia/C...ional-Authority

...."CPA Order 39, entitled "Foreign Investment," provided that "A foreign investor shall be entitled to make foreign investments in Iraq on terms no less favorable than those applicable to an Iraqi investor," and that "[t]he amount of foreign participation in newly formed or existing business entities in Iraq shall not be limited...." Additionally, the foreign investor "shall be authorized to...transfer abroad without delay all funds associated with its foreign investment, including shares or profits and dividends..." A planned economy is an economic system in which economic decisions are made by centralized planners, who determine what sorts of goods and services to produce, and how they are to be priced and allocated. ... A tariff is a tax placed on imported and/or exported goods, sometimes called a customs duty. ... Profit is defined as the residual value gained from business operations. ... A dividend is the distribution of profits to a companys shareholders. ... "

" CPA drastically altered Iraq's economy, allowing virtually unlimited and unrestricted foreign investment and placing no limitations on the expatriation of profit. "

"the controversial policies are fundamentally anti-democratic in that it is not for the United States or any other country or coalition of countries to determine what trade laws Iraqis must live by, and that such rules can only be legitimate if passed initially by an elected Iraqi government free of foreign occupation and domination"

"CPA Order 17 granted all foreign contractors operating in Iraq immunity from "Iraqi legal process," effectively granting immunity from any kind of suit, civil or criminal, for actions the contractors engaged in within Iraq. [6] CPA Order 49 provided a tax cut for corporations operating within Iraq. It reduced the rate from a maximum of 40% to a maximum of 15% on income. Corporations working with the CPA were exempted from owing any tax. [7] CPA Order 12, amended by Order 54, suspended all tariffs, thus removing the advantage that domestic Iraqi producers had over foreign producers. [8] [9]. However, a 5% "reconstruction levy" on all imported goods was later reimposed to help finance Iraqi-initiated reconstruction projects. [10] In a medical sense, immunity is a state of having sufficient biological defenses to avoid infection, disease, or other unwanted biological invasion. ... Service of process is the term given to a court or administrative bodys exercise of its jurisdiction over individuals who are the subject of proceedings or actions bought before such court, body or other tribunal. "

"these policies were not only rather blatant attempts to shape Iraq's economy in the interests of American (and other) investors and against the interests of Iraqis themselves, but also that they were illegal under international law, because an occupying power is prohibited from rewriting the laws of the occupied country.... "

EagleEyeNuñez
30th August 2005, 00:20
:rolleyes:

consider the sources, toots.

What's next, you'll give a quote from Chomsky or Eric Foner as proof?

:lol:

Commie Girl
30th August 2005, 00:56
:lol: Oh yes, quoting from the CPA is a baaaad source.