Buildings are seen in Ghazir. (The Daily Star/Mohammad Azakir)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The newly endorsed fines on seaside properties will test the government's determination to collect long overdue money from investors who profited for over 20 years from the absence of the state, economists said Wednesday.This issue became a bone of contention for many years as politicians bickered over government methods needed to collect the fines from the seaside resorts and private beaches.The Finance Ministry accuses some investors of taking advantage of the absence of the state during the 15- year Civil War to build fancy sea resorts and private beaches along the coast. Some of the investors who have a 99-year license to build and operate sea resorts and beaches pay to the treasury annual rents ranging from LL500,000 ($333) to not more than LL1 million. In the text of the proposed tax law, the Finance Ministry made it very clear that the occupants of the illegal maritime public properties have no right to ask for a settlement with the state because these properties belong to the government only.
Khalil: Lebanon to raise $2B in Eurobonds at below 14 pct
Dollar demand ‘nothing unusual’, Lebanese bankers say
Lebanon to pay top yield on new Eurobonds
FOLLOW THIS ARTICLE