President Michel Aoun holds an economic meeting at Baabda Palace on Monday, August 14, 2017. (The Daily Star/Mohamad Azakir)
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Lebanon's private sector made a last-ditch effort Monday to repeal the tax measures designed to finance the salary scale for civil servants, public school teachers and military personnel. Bankers and business leaders, who took part in a broad economic meeting at Baabda's presidential palace at the invitation of President Michel Aoun, told the participants that any new taxes under the current circumstances would deal a blow to the already struggling economy. Aoun called for the urgent meeting to hear all the conflicting views about the salary scale and tax measures.Sources said Aoun is likely to give his seal of approval for both the salary scale and some of the taxes.The sources added that Aoun may call for amending some of the taxes. Chammas stressed that the funding for the salary scale has already been secured for one year at least.
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