Banks have offered to pay the State $1 billion if it does not increase the tax on the interest earned from deposits, according to Minister of Finance Ali Hassan Khalil.
"The proposal was turned down by the Ministry of Finance (MoF)," he said.
François Bassil, former chairman of the Association of Banks and current Group Chairman of Byblos Bank, denied that such an offer was made to the State.
The current tax on the interest earned from bank deposits is five percent...
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