Economy

Which Tax Policies for Lebanon?

The tax system in Lebanon is unfair and inefficient. As part of rethinking Lebanon’s policies in light of the current crisis, this paper proposes key reforms to make tax incidence more progressive; strengthen tax compliance; and broaden the tax base. It also calls for considering a one-off wealth tax to help resolve the current crisis in a socially fair manner. It posits that the fight for fiscal justice and effectiveness needs to become more central in political debates as a just fiscal system is a requisite of any vision for a “new Lebanon”.

Economy

80% of the Lebanese population lives under the poverty line

Finance

The Lebanese pound has lost more than 90 percent of its value to the dollar on the black market.

Governance

(pending)

Reform

(pending)

Priority themes

Priority themes cover adjustment policies, providing the country (and/or the region) with long-term goals for sustainable welfare. There will be a dual focus on macro and sectors, since both are central legs of a reform agenda. On the macro, how to fix the state is important, as well as major options such as bank restructuring, sustainable development and civil rights. Also, inclusive growth opens studies on business climate, SMEs, new industries and green industries. Other studies will focus on short and medium-term infrastructure and sectoral issues. Many topics are identified (see below) and are subject to strategic and operational validation. Some items are related to the expected reinitiating of the sectoral and infrastructure agenda supported by international financing, and in all cases, topics are selected to highlight credible alternatives to unsuccessful public policies and poor governance. The Foundation complements its research and studies with wide awareness campaigns to mobilize citizens’ and organized groups’ support on the relevant topics. Building support through networking with the civil society, youth movements and other organizations will always be key.

Which financial sector for Lebanon in the coming decade?

Taxation (as it is at the heart of the overhaul of the social contract) and inequalities
Digital transition, as it is at the heart of the country's economic transformation
Civil rights, women’s rights
Boosting Lebanon’s human capital; Education
Energy, telecom, water and sanitation
Green transition, clean energy, climate change (regional)
Transports & infrastructure, to build a sense of national common space & boost productivity
Transports & infrastructure, to build a sense of national common space & boost productivity
Lebanon and the European neighborhood policy
Trade policies, with a focus on the European Union
The labor market and migration, to restore competitiveness and address geopolitical challenges
Food security, the delivery of humanitarian relief, and innovative approaches to education in the absence of functioning state institutions
The parallel evolution of Lebanon and Syria, currency and trade
Strengthening the state of Law
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Short to medium term objectives

Enforcing accountability for key stakeholders
Strengthening social nets
A banking resolution framework
Increasing the share of green energy
Protecting depositors, what can still be done?
Improve popular representativeness, a set of measures.
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Priority themes cover adjustment policies, providing the country (and/or the region) with long-term goals for sustainable welfare. There will be a dual focus on mac

Priority themes cover adjustment policies, providing the country (and/or the region) with long-term goals for sustainable welfare. There will be a dual focus on mac

Priority themes cover adjustment policies, providing the country (and/or the region) with long-term goals for sustainable welfare. There will be a dual focus on mac