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.
Rockets & Feathers: Why Lebanon’s Fuel Prices Rise Fast and Fall Slow
During the spring, everyone said the same thing: the Iran War had pushed oil prices up, causing gasoline and diesel prices to rise as well. Oil then came down again, with the global benchmark Brent crude dipping below its pre-war price by July, but Lebanese were at...
