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Rock Bottom: The Tax Reforms Lebanon Has to Have

Rock Bottom: The Tax Reforms Lebanon Has to Have

For most people there are only two certainties in life: death and taxes. In Lebanon the wealthy really only need to worry about the former. The state’s exceptionally weak tax and revenue structures mean the tax burden largely falls upon middle and lower classes – while the wealthy have a multitude of options to avoid paying taxes.

Ignore the Mirage: Oil and gas will not save Lebanon

Ignore the Mirage: Oil and gas will not save Lebanon

The border demarcation issue with Israel is hardly the only one that needs to be resolved. So far, there has been only limited exploration with limited evidence of hydrocarbon reserves. Energy firms may prove wary to invest in a volatile climate such as Lebanon’s, as state institutions are struggling to stay afloat. Meanwhile, the Ukraine war has reshuffled the geopolitical cards. Also, a mishandling of offshore hydrocarbons would produce an environmental disaster on a truly colossal scale.