Lebanese #banks strike against proposal to help fund salary hike
▻http://english.al-akhbar.com/content/lebanese-banks-strike-against-proposal-help-fund-salary-hike
Lebanese banks went on strike Friday to protest a proposal by lawmakers to increase the tax on interest earned on deposits by a mere 2 percent to help fund a proposed draft law that would increase public salaries. #Lebanon's parliament is discussing an increase in public sector wages in response to more than two years of union strikes and protests. But deputies say they need to collect additional revenues to fund the increases so as not to widen the state deficit. One proposal from a parliamentary committee is to raise the tax on interest on deposits to 7 percent from 5 percent. read more