This will really put the idea that “tax cuts solve everything” to the test.From Al Jazeera’s Libya liveblog:
Libyan state TV announces wide-ranging tax cuts. It says:
The general public committee has decided to reduce customs on basic commodities to zero per cent and to reduce customs on all other commodities to only five per cent. It also decided to remove all consumption and production taxes. The new changes were made on the occasion of the victory of our great people over the terrorist gangs.
Good luck on that.
Meanwhile, Sky News reports more aerial bombardment of Ras Lanuf, the scene of heavy fighting on Friday.
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