Fi­nances in Iraq and Syria

The Economic Times - - Around The World -

$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.

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