We need to do more than break up Daesh's Oil revenue and who funds them. We also need to put an end to their collectors. What say ye? A recent report in The New York Times shows that ISIS aka ISIL, Islamic State, and Daesh pulls in hundreds of millions of dollars from "taxing" and extorting those who live in the territory that the group controls in Iraq and Syria. ISIS is thought to make as much as $900 million from residents and businessmen in its territory, American and European officials told The Times. And this revenue isn't easy to diminish since it has "so far proved largely impervious to sanctions and air raids," according to The Times. Since ISIS markets itself as a legitimate state complete with the functions of any other government bureaucracy, the militants have created a complex financial system to extract as much money as possible from people and businesses. ISIS charges import taxes, rent for businesses, fines for breaking laws, utility bills, and income tax. The Times provided examples of how ISIS runs this operation inside its territory:....snip~ http://news.yahoo.com/isis-found-method-making-millions-151335857.html
ISIS imposes fines and fees for services or infractions including car registration, college textbooks, traffic violations, and smoking. And the money ISIS makes from extortion comes in addition to revenue it is gaining from oil smuggling (estimated to bring in about $500 million), looting banks (which brought the group a one-time windfall of $1 billion), and kidnapping. The group also smuggles antiquities to sell on the black market.....snip~ http://news.yahoo.com/isis-found-method-making-millions-151335857.html
ISIS is taxing everyone for everything? So in other words they are acting like every branch of American government.
So its not just their oil.....the more ground taken back from them and freed. The less people they can tax.
If it is true that ISIS has $900 million in assets then it has to be sheltered somewhere - so how does anyone know that this number is correct? who counted it? and who is sheltering it? if it can be counted or sheltered, then it can be frozen and rendered useless thereby rendering ISIS helpless, that is assuming the NY Times is correct
This is what the Times has on it. Impervious to sanctions and air raids. That's what they say. Interviews with more than a dozen people living inside or recently escaped from the Islamic State-controlled territory, and Western and Middle Eastern officials who track the militants’ finances, describe the group as exacting tolls and traffic tickets; rent for government buildings; utility bills for water and electricity; taxes on income, crops and cattle; and fines for smoking or wearing the wrong clothes. The earnings from these practices that mimic a traditional state total tens of millions of dollars a month, approaching $1 billion a year, according to some estimates by American and European officials. And that is a revenue stream that has so far proved largely impervious to sanctions and air raids. But as Western and Middle Eastern officials have gained a better understanding of the Islamic State’s finances over the past year, a broad consensus has emerged that its biggest source of cash appears to be the people it rules, and the businesses it controls.....snip~ http://www.nytimes.com/2015/11/30/w...te-wrings-money-from-those-it-rules.html?_r=1
I read that. But the point is, if true then the sources which supply those business and the banks which are stakeholders of its assets can be seized. It's a matter of choice.
They just move around their warehouses More than likely underground. Moreover the people supply those businesses with money. They are into everything when taxing and penalizing. Renting too. Free the people, chase them off the ground. Kill as many of them as possible. Once their ground starts to fold in on them, they will lose a good portion of their revenue. The flow will be interrupted if done Right and hitting them in several locations. That's also counting hitting their Oil business.
Yeah and like I haven't mentioned before. Affecting their black market trade too. That would include their sex and slave trade.
Is anyone surprised that the criminals of Daesh are now running an extortion scam on its captive citizens? Calling it "taxes" is merely a euphemism designed to give it some shred of legitimacy. They can call themselves a state, but they are nothing more than medieval bandits hiding behind a distortion of their religion.
I assume that ISIS is using their "tax" funds for weapons and munitions which are imported, so these funds are leaving their "country / caliphate". For ISIS to have a continued supply of taxes, the populace of the area has to have a source of income from outside of the area. It is possible that ISIS will tax and spend their kingdom into total poverty. That would be a just reward for those religious perverts.
I was thinking the same thing. After they steal every last bit of money from the populace, then what?
