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Mon Dec 10, 2012, 09:08 AM

Highlights from Egypt, Dec 10 2012 (Part 1) Yesterday's Taxes Rescinded (or Postponed rather) Today [View all]

Previous thread, Highlights from Egypt, Dec 9 2012 (Part 1) Grand Treason, can be found here: http://www.democraticunderground.com/10021950316


The National Salvation Front categorically rejects the constitutional referendum

Mass protests on Tuesday

Presidential decrees for huge tax hikes on utilities and goods to satisfy the thugs in the IMF didn't go over well at all

Less than 10 hours after State Organs announced the tax hikes, they were rescinded


Gregg Carlstrom ‏@glcarlstrom

So now Morsi *isn't* raising taxes (yet), because he realizes they'd be unpopular with "the Egyptian street": http://bit.ly/YSKoRa (Arabic)


Hani Shukrallah ‏@HaniShukrallah

#MB in power: raise sales tax (hit poor), don't raise tax on rich; issue secret decree, announce week later, take back next morning! slick


sherief gaber ‏@cairocitylimits

Holy shit this is getting ridiculous "Egypt president Morsi halts tax hikes, calls for dialogue" http://english.ahram.org.eg/News/60166.aspx


Egypt president Morsi halts tax hikes, calls for dialogue
In a statement in the early hours of Monday, the Egyptian President suspends the implementation of tax increases announced Sunday afternoon
Ahram Online, Monday 10 Dec 2012

Egypt President Mohamed Morsi has retracted his Sunday decisions to increase tax burdens on the Egyptian people, and ordered the government to carry out a "social dialogue" on the measures before implementation.

In a statement issued on his official Facebook page at around 2 am on Monday, Morsi said he had put on hold the measures of raising sales taxes on a wide range of consumer goods and services that were made public Sunday afternoon.

“(The President) does not accept that the Egyptian citizen carries any extra burdens without consent. His Excellency has decided to halt the (tax raising) decisions until the degree of public acceptance is made clear,” the statement read.

The measures represent the implementation of an economic programme that Egypt has proposed to the International Monetary Fund (IMF) in order to be eligible for a $4.8 billion loan. They are aimed at reducing public deficit through increasing state revenue.

...

http://english.ahram.org.eg/News/60166.aspx


Edit: Gameela Ismail ‏@GameelaIsmail

@Bassem_Sabry not ANNULS,but SUSPENDS decrees.We will protest 3pm in Cairo at the cabinet,central bank &governorate buildings nationwide


((Tax Details))

Ahmed Ateyya ‏@Ateyya

#morsitaxes: 10% on stock market profits, 18% on cell phone bills, 15% on land fertilizers, 10% on rents, 200% on beer, 150% on liquor
Retweeted by Cherif Barakat

53 replies, 3278 views

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