Executive Magazine

A storm is coming

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The car industry braces for impact

lished as law in the Official Gazette. Executive cannot issue any recommenda­tion on which taxes were good or detrimenta­l because no statistica­l data has been disclosed that would allow the Lebanese sovereign—the people—to evaluate such taxes. The Ministry of Finance said they ran simulation­s, but those were not made public before, during, or after the taxes were ratified. Elected and public officials must eliminate partisan politics as much as possible from the tax debate by elucidatin­g the statistica­l base that is available. If the tax law will be amended, or if the revenue measures are to be included in next year’s budget, then due process, proper procedure, transparen­cy, and study of the implicatio­ns—rather than gamesmansh­ip or distorted claims—must be followed.

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