File - Prime Minister Saad Hariri speaks to Finance Minister Ali Hasan Khalil during a Cabinet session at the Grand Serail, Wednesday, Feb. 15, 2017. (The Daily Star/Ahmad Azakir)
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The Communist Party Tuesday warned of the return of street protests if the Cabinet went through with proposed tax increases to finance the 2017 state budget.Khalil has proposed a series of taxes in his draft budget. These proposals include increasing the value added tax from 10 to 11 percent, increasing taxes on the interest of bank deposits from 5 to 7 percent, increasing taxes on companies' profits from 15 to 17 percent, putting a 15 percent tax on profits from real estate transactions and implementing a 4 percent fee on the importation of kerosene.
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