RDCL shares today the press release issued by the Lebanese Economic Organizations and fully endorses its main positions. As a reminder, RDCL is represented on the Board of the Economic Organizations by its President Joumana Saddi Chaya, and actively contributes to its meetings.

Key highlights of the statement:

– Rejection of the 3% levy in the 2026 draft budget, as it will directly fuel inflation (+4–5%).
– Unfair and impractical measure presented as an advance on income tax but in reality a non-refundable burden.
– Unrealistic projections: $600M in expected returns vs. historical $150–180M from corporate tax revenues.
– Deepening of economic and social pressures instead of stimulating recovery.
– Alternative solutions exist: broaden the tax base to include informal economy.

Read the full statement in Arabic on the LebEconomy website: https://lnkd.in/dZuFfd7v