File - Lebanese Ministry of Finance
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Lebanese Forces Thursday urged the government to reassess a proposed tax increase, and called for alternative ways to finance government expenditures.Finance Minister Ali Hasan Khalil has proposed a series of taxes in his draft budget, such as increasing the value added tax from 10 to 11 percent, increasing taxes on the interest of deposits from 5 to 7 percent, increasing taxes on companies' profits from 15 to 17 percent, placing a 15 percent tax on profits from real estate transactions and implementing a 4 percent fee on the import of kerosene.
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