Tuesday, March 7, 2017

Half the taxpayers earn below $10,000 annually. Informal work worsens income inequality


The lowest income earners among private sector regular employees (up to $10,000 annually) account for 57 percent of employees, and the highest two brackets (more than $40,000) account for six percent, according to 'Assessing Labor Income Inequality in Lebanon's Private Sector', a recent study conducted by the Ministry of Finance and United Nations Development Programme (UNDP).

Tax records of 369,279 declared employees represented a total income of $5.5 billion in 2014. The figure shows t...

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