Should bank interest be taxed at 10%?

Bankers are hitting the media circuits objecting to this increase on the basis that it would lead to people pulling their deposits out of the country.
by Dan Azzi

12 May 2019 | 12:17

Source: by Annahar

  • by Dan Azzi
  • Source: Annahar
  • Last update: 12 May 2019 | 12:17

A Lebanese retired soldier holds a Lebanese national flag as he jump over burning tires during a protest in front of the government building during a cabinet meeting to discuss an austerity budget, in Beirut, Lebanon, Friday, May 10, 2019. (AP Photo)

BEIRUT: One of the items being proposed in the government right now, as part of the austerity measures, is raising the tax on interest paid on deposits from 7% to 10%. Let’s start with the bottom...

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