Choucair says the private sector rejects some of the new taxes. (The Daily Star/Mohammad Azakir)
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Business leaders and bankers are expected to submit proposals to the government Saturday to replace the new taxes, which could in their opinion inflict damage on the "liberal economy".Sources said most of the ministers insisted on the tax packages, which include increasing taxes on corporate profits from 15 to 17 percent, raising taxes on interest rates on deposits from 5 to 7 percent and applying the profit tax on the proceeds generated from treasury bills and eurobonds.Choucair said the proposals that would be released Saturday by the private sector would generate more revenues than the proposed taxes of the government.But it is not clear if the government will accept any proposals to replace the new taxes.
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