A Proposed Model for Developing the Taxation System on Oil Companies in Iraq: A Strategic Framework for Budget Financing and Enhancing Economic Stability

This study aims to implement the proposed recommendations to enhance the efficiency of the strategic management of the state's fiscal policy. This objective is pursued through the pivotal role played by strategic management within financial institutions, particularly in controlling and utilizing fiscal policy tools for the formulation, estimation, and execution of the state’s general budget. The ultimate aim is to achieve the economic objectives set by the executive authority. However, these goals are often difficult to realize due to the state's heavy reliance on oil revenues and the pressing need to diversify income sources. To address this issue, a model has been proposed for imposing taxes on oil companies operating in Iraq, in light of the observed inefficiencies in the current tax system. Accordingly, the study recommends adopting clear strategic plans that contribute to achieving the goals of fiscal policy, enhancing social welfare, and improving the application of tax regulations.