Middle East Economic Survey
VOL. XLVII
No 39
27-September-2004
EGYPT
BUDGETS AND REVENUES
Egypt Considers Reduction In Income And Corporate Tax
Egyptian Minister of Finance Yusuf Butros Ghali has announced that his government plans to cut income and corporate tax by about 50% as part of its program to reform the economy. Speaking at a conference of the ruling National Democratic Party, the minister estimated the cost of these cuts to the budget at some E3.5-3.6bn ($658-697mn), but said that that...
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