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September 29, 2015 1:30 pm

Iran Tax Revenue Surpasses Oil Income for First Time in Almost 50 Years

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President Hassan Rouhani’s economic strategy is to significantly reduce the government’s dependency on oil and increase the country's tax revenue. Twitter. Photo: Wikipedia.

President Hassan Rouhani’s economic strategy is to reduce the government’s dependency on oil and increase the country’s tax revenue. Twitter. Photo: Wikipedia.

The Iranian government is earning more from tax than oil for the first time in almost half a century as the country shifts its traditional reliance on crude to taxation revenues in the face of plummeting oil prices.

President Hassan Rouhani’s economic strategy is to significantly reduce the government’s dependency on oil and instead collect tax more systematically, according to Ali Kardor, the deputy managing director of the national Iranian oil company (NIOC).

Read full story at The Guardian.

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  • E Pluribus Wombat

    And if that doesn’t work he can always rape and pillage his neighbors.

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