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Egypt: Experts decry 5 percent “rich tax”

Egypt: Experts decry 5 percent “rich tax”

Cairo, Asharq Al-Awsat—A proposed additional 5 percent annual tax on higher income earners in Egypt has drawn criticism from a number of economic experts speaking to Asharq Al-Awsat. The plan, announced by newly appointed Minister of Finance Hani Kadry Dimian, imposes...