Author Archives: Executive Editors

It’s about our purses

It’s about our purses

Reading Time: 3 minutes As Lebanon celebrates its recent military victory over Islamic State fighters on this side of the Lebanese-Syrian border and mourns over the recovered bodies of nine army soldiers, local politicians are again embroiled in another battle of sorts: one over taxation. After many months vacillating over whether or not to issue new taxes, lawmakers agreed

A cautious revival

Reading Time: 2 minutes For the first time since the onset of the war in Syria, there is finally positive news coming from Lebanon’s hospitality sector. The election of a president and the formation of a government in late 2016, and the lack of major security incidents in Greater Beirut since the second half of 2015, have given Lebanon

A law is born

Reading Time: 3 minutes Since appointing the National Commission on Parliamentary Electoral Law (the Fouad Boutros Commission) in 2005, Lebanese politicians have been “working” on an electoral law that employs proportional representation (PR), a system that allocates seats in Parliament based on the percentage of votes a candidate list receives. PR is more representative than a majoritarian or first-past-the-post

Endless

Reading Time: 4 minutes Executive confesses to nonsense fatigue. Our editors are tired of platitudes about the banking sector. If we hear one more locution implying that the Lebanese economy’s doom is inevitable, or another hackneyed phrase about a banking sector that is trying to resist bad economic tides to the best of its ability while continuing to develop

April 2017

Reading Time: 2 minutes EDITORIAL  The devils must go LEADERS Stonewalled A mixed response: making use of the new law An industry-wide upgrade Overhaul in governance and legislation is required Taxation without representation Budgetary process must be transparent  COVER STORY Tax squeeze Online threats continue to proliferate  Taxing tax reforms Fresh thinking needed to secure the banking system Interview

March 2017

Reading Time: 2 minutes [media-credit name=”Illustration by Ivan Debs” align=”alignright” width=”246″][/media-credit] EDITORIAL Recourse to reform After a four-year Parliament extension, we demand elections in 2017 LEADERS Dashing our hopes for reform It’s time to break the silence on the CMA Protect us from the modern plague Lebanon remains overwhelmingly vulnerable to cyberwarfare Rare opportunity People now have the right to request

Don’t sweat the details

Reading Time: 2 minutes After a rocky start that saw a several-year delay of the sector’s development as a result of political squabbling, in late April the Lebanese Ministry of Energy and Water (MoEW) announced the oil and gas companies that will be eligible to bid for offshore exploration licenses in late. Executive lauds this milestone and hopes the

Self absorbed

Reading Time: 3 minutes Donkeys deserve more respect than they get. For some 5,000 years, humans have been using them as strong, reliable beasts of burden. We’ve made progress on the backs of these noble creatures, yet denounce them for a strength of will we praise in ourselves. Intransigence is in the eye of the taskmaster, it seems. Donkeys

Taxation without representation

Reading Time: 2 minutes For 12 years running, Lebanon has been without a budget. This does not mean the state hasn’t been collecting revenue and spending it. Rather, it means there have been no clear-cut priorities, nor a strategic vision guiding how the government manages taxing and spending. During the past five years, the problem of finding revenue to

Stonewalled

Reading Time: 2 minutes Executive didn’t get past security at the Grand Serail. It was March 3. The access to information law was just over a month old, and we were barking excitedly, unsure if whether we were even in front of the right tree. In hand were requests for minutes of cabinet meetings. We were hoping to reach

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