TEHRAN TIMES
Oct, 7, 2010
The high-profile managing director of the daily ‘Kayhan’, Hossein Shariatmadari, has commented that a few major gold dealers are behind the closure of the gold market following the enforcement of the value-added tax. Shariatmadari has said that 90 percent of the gold which is brought into the country is smuggled by few well-connected traders. He believes that these traders are not worried about paying more tax, but they are afraid of transparency in the gold market, so they have incited minor gold dealers to close their stores ostensibly in protest at the implementation of VAT.
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