File - Salameh is in Washington for an annual meeting of World Bank and IMF officials. (The Daily Star/Mohammad Azakir)
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A leading banker warned Thursday that some of the proposed laws on the exchange of tax information could pose a challenge to Lebanon's banking secrecy law.Lebanon is one of the few countries in the world that has a banking secrecy law.Torbey said over 50 countries signed an international agreement in Berlin on Oct. 29 that could end banking secrecy.Torbey said he expected Lebanese legislators to adopt reciprocal laws with other countries although he admitted that the Lebanese tax system did not search for the incomes of Lebanese abroad in order to subject them to taxes.
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