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Bank Audi warned Wednesday that the new government taxes could adversely affect private sector investments in Lebanon.The new taxes, which came into effect in September, have pitted labor unions against private companies.Bank Audi acknowledged that the ratification of the public sector wage scale is not likely to have a significant impact on the public finance deficit as the additional spending of LL1.8 trillion was matched with revenue proceeds of almost the same amount from 18 revenue items that Bank Audi estimates at LL1.78 trillion, of which almost half are from the banking and real estate sectors.
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