How will Tax Increase Affect Us?

The new taxes were approved and the laws were published Monday as a special appendix to the Official Gazette, which means that they are already in place as we speak. What are these new taxes? - VAT increase from 10 to 11%: which will have a negative impact on all Lebanese as it will lead to an increase in living expenses and a decrease in the purchase power. Some are suggesting that the 1% increase…

What does the VAT Increase from 10 to 11% Mean for You?

The newly approved VAT increase from 10% to 11% will have a negative impact on all Lebanese as it will lead to an increase in living expenses and a decrease in the purchase power. Some are suggesting that the 1% increase will eventually lead to a 5 to 7% increase in the prices of goods, which means that consumers will feel poorer. Consequently, businesses will start to struggle as well as consumers will start spending…
Economics

2016/2017 Global Competitiveness Report: Public Trust in Politicians Still Improving in #Lebanon

11 months ago
Public trust in politicians has improved once again since last year as ranking improved by two spots from last year according to the 2016/2017 Global Competitiveness Report. I have no idea how this is happening ...
Economics

S&P: Lebanon’s Outlook Downgraded From “Stable” To “Negative”

2 years ago
Via NationalPost Standard & Poor’s has revised the outlook for Lebanon on the long-term ratings from “stable” to “negative”. We used to blame regional instability on the economic situation in Lebanon and it definitely has ...
Economics

The Lebanese Government Among The 10 Least Efficient Governments In The World

2 years ago
The World Economic Forum’s 2014-2015 Annual Global Competitiveness Report is out and it placed Lebanon among the 10 least efficient governments in the world. Lebanon is in fourth position behind Venezuela, Italy and Argentina. The ...
Economics

The Minimum Wage In Lebanon Compared To Others From Around The World

2 years ago
The minimum wage in Lebanon was increased three years ago from 500,000 ($330) to 675,000 ($450), yet a lot of people here still think it’s not enough and that it should be drastically increased. There’s ...
Economics

How Corrupt Are The Lebanese?

2 years ago
A survey was conducted by Sakker el Dekkene in order to evaluate the attitude of Lebanese citizens towards corruption and their willingness to compromise on their principles and bribe officials. 7810 doors were knocked and ...
Critiques

Gas Prices Might No Longer Drop In Lebanon

2 years ago
Update (20/01/2015): It appears that the government won’t be fixing any prices and the prices will drop by more than 1,000 Lebanese Lira tomorrow. Gas prices have dropped by over 13,000 Lebanese Liras from last ...
Economics

Reducing Working Banks In Lebanon From 72 to 25 (Update: Denied By BDL)

2 years ago
Update: BDL governor Riad Salameh denied some media reports that the Americans had urged him during the World Bank and International Monetary Fund meetings in Washington to reduce the number of banks operating in the ...
Economics

Lebanon Among The Seven Most Pessimistic Countries About Their Economic Future

3 years ago
I was reading on Liberation that the French are more pessimistic about their economic future than Palestinians, then I noticed Lebanese feel the same. There’s no doubt that the economic situation is bad in Lebanon, ...
Older