11 December 2012

Egypt: Dialogue On Tax Increases Next Week - Local PM

Egyptian Prime Minister Hisham Kandil said on Tuesday that his cabinet will begin a "social dialogue" on tax increases next week.

Kandil said in a press conference that the tax increases will not affect those with limited incomes but are part of the cabinet's plan to recover the economy.

The tax increases will affect some products and services including liquor, cigarettes and phone calls among other things.

President Mohamed Mursi suspended the increases on Monday morning after deciding on them hours earlier.

The move led to the postponement of a $4.8 bln loan from the International Monetary Fund.

Copyright © 2012 Aswat Masriya. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.