Minister Raed Khoury speaks during a press conference in Beirut, Tuesday, Dec. 20, 2016. (The Daily Star/Mohammad Azakir)
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Economy Minister Raed Khoury said Saturday that prices in Lebanon had not increased after a VAT tax hike went into effect at the beginning of the year.However, Khoury later said that there were "hundreds" of shops that had been fined or were awaiting judicial rulings due to having raised their prices following the VAT increase.Khoury said each Economy Ministry observer visits "five or six" different businesses a day – although he did not mention how many observers were currently working – and around three in every 100 stores could be expected to be violating laws.
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