12 Hrs
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Lebanon Debate
Source: Lebanon Debate
12 HrsLebanon Debate
Source: Lebanon Debate
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Khaled Saad, a researcher at the Tomorrow’s Policies Initiative, said that 80% of the taxes included in Lebanon’s budget are consumption taxes. He criticized the reliance on them instead of fairer taxes on income and wealth, noting that Lebanon is among the countries that collect the least in income taxes. He described the budget as “a paper exercise,” since the state has been in default on its debts for seven years and continues to defer its obligations, meaning the figures do not reflect its actual financial position. He added that collecting taxes in Lebanese pounds while spending in dollars puts further pressure on the dollar in the market. Meanwhile, a tax on vacant apartments that appeared in the first draft was removed from the final version.
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