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MTV Lebanon
Kanaan on MTV: Tax Residency, Not Gold
Parliament Member Ibrahim Kenaan confirmed that the Finance and Budget Committee has been opposed to deleting people's deposits since 2020, emphasizing that their stance requires trust and the protection of depositors' rights. He pointed out that the government is currently preparing an amendment to the Deposit Recovery Law, a year after it was referred to Parliament, and criticized the delay in the amendments proposed by the IMF. Regarding residency, he clarified that there is a tax residency linked to investment in Lebanon, which requires not engaging in money laundering or foreigners holding Lebanese citizenship.
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