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)
Banks will go on strike Friday to protest proposed taxes to finance a salary raise for the public sector, as MPs struggle to wrap up a discussion on the pay hike.The Association of Banks in Lebanon announced that banks would close for one day to protest a proposal to raise the 5 percent tax on deposit interest revenue to 7 percent that was approved by Parliament's Joint Committees Wednesday. Parliament's Joint Committees continued to discuss the draft law which would raise the salaries of public sector employees and teachers, during a six-hour session. MPs focused on how to finance the hike. During the session, Berri was quoted by MPs as saying that the salary raise would not cause a budget deficit, saying the state would pay as much as it would receive as new revenues.Commenting on the stance of the Association of Lebanese Banks, Berri said the proposed taxes were well-studied and could be endured by the banks. Speaking to reporters after the session, Kanaan said he hoped the Joint Committees would finalize the draft law Friday. During the two-hour session, Parliament also passed a draft law allowing private companies to produce electricity for the state-run Electricite du Liban for two years.
FOLLOW THIS ARTICLE