Private Sector Leaders in Lebanon Declare Tax Strikes

Business leaders in the private sector in Lebanon have said that they so are fed up with government inaction over economic crisis in the country that they have decided to go on tax strikes.
Since October, demonstrations have swept the country with tensions running high as politicians fail to agree on forming a new government, making Lebanon’s economic crisis even worse.
After almost two months of mass protests in Beirut over government corruption and incompetence, the private sector is in deep crisis.
According to reports, the Lebanese currency, Lira, also known as the Lebanese pound, has lost a third of its value in the last two months.
The situation is so bad, that the Labour Minister in Lebanon has received requests from over 60 companies to dismiss their entire staff.
Supporters of the tax strike say they can’t do business as usual.
The Lebanese Red Cross and Civil Defence say dozens of people have been injured in the latest clashes between protesters and security forces in Beirut, Lebanon. 46 people have so far been sent to hospital while dozens of others were treated on site.
Demonstrations have swept the country since October with tensions running high as politicians fail to agree on forming a new government, making Lebanon’s economic crisis even worse.
On 29th October, Prime Minister Saad Hariri announced the resignation of his government in response to the protests.
Kenyan Case
For years on end, Kenyans have cried foul against government corruption and incompetence without much action.
Kenyans On Twitter (KOT) have recently said that a revolution is coming, after renown artist and rapper, King Kaka released hit song, Wajinga Nyinyi calling out Kenyans for falling for the same lies from politicians time and time again.
Nonetheless, are Kenyans bold enough to go out on the streets and call for change, in one united front as patriots and as one?
It has been said that the loyalty of every Kenyan is first to tribe and its political tin-god, and then their religion and social affiliation such as church and education later.
Is the Kenyan private sector willing to take the risk such as the Lebanese private sector and lead protests against the government?
These are questions every Kenyan should take into account before shouting on Twitter and other social media platforms, calling for a revolution.
Read Also: “Wajinga Nyinyi!” King Kaka Tells Kenyans In A New Song
About Soko Directory Team
Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory
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