Arab Today, arab today egyptian president morsi in tax hikes uturn
Last Updated : GMT 04:16:17
Arab Today, arab today
Arab Today, arab today

Statement calls for public discussions

Egyptian President Morsi in tax hikes U-turn

Arab Today, arab today

Arab Today, arab today Egyptian President Morsi in tax hikes U-turn

President Morsi's tax hikes were attacked by his own party
Cairo - Akram Ali

President Morsi\'s tax hikes were attacked by his own party Egyptian President Mohammed Morsi has issued a decree cancelling the tax law amendments announced yesterday, which raised taxes on up to 50 goods and services. The amendments enacted by Morsi as legislator in the absence of parliament, had triggered wide-ranging outrage and controversy in political and economic circles, with many experts warning of a hunger strike.
In a statement, the President cited \"the burdens borne by struggling Egyptian citizens during this difficult economic period,\" as the main reason behind his reversal. The statement also called for \"social and public discussions moderated by experts to take place regarding the proposed hikes, in order to gauge public opinion and approval.\"
The Freedom and Justice Party, which Morsi ran before he became president, was among the voices slamming the tax increases for the negative effect it would have on the country’s poor population.
The new tax policies affected goods and services ranging from electricity and gas, to alcohol and tobacco through credit and stock trading. Egypt was plunged into an economic crisis following the January 2011 revolution, prompting President Morsi’s government to apply for a $4.8bn loan from the International Monetary Fund [IMF].
After Morsi\'s tax announcement, economic experts in the country attacked the president. Hamdy abdel-Azeem told Arabstoday that the decisions came as part of the conditions outlined by the IMF, adding that experts had warned of the repercussions of obtaining the loan. He said that the decisions would increase the public anger, as the revolution has not achieved the demands of the people.
Egyptian expert Sultan abu-Ali said that the decisions would fuel the public anger, adding that they could lead to a new revolution in Egypt. He added that leaders of the new revolution would not be politicians, but the poor people. According to Abu-Ali, the government had refused to reveal IMF\'s conditions to the people.
 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egyptian president morsi in tax hikes uturn Arab Today, arab today egyptian president morsi in tax hikes uturn

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egyptian president morsi in tax hikes uturn Arab Today, arab today egyptian president morsi in tax hikes uturn

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday