Local banks observed a one-day strike in protest of proposed taxes on Friday, April 11, 2014. (The Daily Star/Mohammad Azakir)
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Speaker Nabih Berri Friday lashed out at the Association of Banks in Lebanon for observing a one-day strike in protest of proposed taxes, saying local banks make "obscene" profits from local clients.The delegation met instead with Finance Minister Ali Hasan Khalil who is also Berri's aide.The association announced late Thursday that banks will close in protest of taxes put forward by lawmakers to finance the public sector wage hike bill. The proposals include raising the 5 percent tax on deposit interest revenue to 7 percent.The state-run agency also said that lawmakers and Berri voiced anger over Bassil's remarks during the late session.
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