Businesses: Proposed taxes a bullet in heart of economy

The Daily Star

Business leaders Thursday strongly rejected any new taxes to fund the proposed wage hike for government employees, describing the salary scale in its present form as a bullet in the heart of the economy.

"These haphazard decisions were taken for political reasons. These taxes will scare away investors and fire the mercy bullet in the heart of the economy," a statement by the Economic Committees, a grouping of leading businessmen in Lebanon, said after the emergency meeting.

The source: The Daily Star
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