Finances in Iraq and Syria
$39m $31m Oil & gas Tax & confiscation Other Overall
$23m $30m declined by about 22% since mid-2014.
“Our research has found that the Islamic State is increasing taxes on basic services andcomingupwithnewwaystogetmoney from the population,” Carlino was quoted as saying by the Daily Express.
“You can be fined for driving on the wrong side of the road and for not being able to answer questions correctly on the Koran,” Carlino said.
Carlino also claimed that the terror group slapped taxes on “installing satellite dishes” and “exit fees” for people try- ing to leave a city.
The report also said that oil production in areas under the jihadist group’s control had gone down to 21,000 barrels per day from 33,000 barrels per day.
ISIS receives half its revenue from taxation and confiscation while selling and smuggling oil makes up 43%of its cash. But both income streams have been badly affected after its territory shrank by nearly a quarter.
The Islamist group suffered another setback after it was noted that a “precise” air campaign wiped out more than 25,000 jihadis, the report said.
ISIS, which controls large swathes of territory in Iraq and Syria, were recently pushed by Iraqi forces towards the centre of a town held by the dreaded outfit in western Anbar province.
The group was also driven out of Palmyra and Russian forces have now entered the city. More than 270,000 people have been killed in the Syrian war since its eruption in 2011.