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Egypt’s Morsi introduces, then abandons massive tax hike edicts in 24 hours

http://twitter.com/#!/3arabawy/status/277934041901195264 Less than 24 hours after unveiling a heap of new taxes on everything from cigarettes and beer to cement and steel, the New Pharoah of Egypt has reversed course. Walk (back) like an Egyptian: 16:00: #Morsi pulls out of his a** massive tax hikes on cigarettes, stocks, property, etc. 8 hours later: he shoves… Continue reading Egypt’s Morsi introduces, then abandons massive tax hike edicts in 24 hours