Al-Wefaq: Shura Council Revokes Tax on Money Transfers for Foreigners to Protect Merchants
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2024-01-31 - 10:36 am
Bahrain Mirror: Al-Wefaq Society denounced the vote of the appointed Shura Council, on Sunday (January 28, 2024), with a firm consensus to reject the law imposing a tax on financial transfers to foreigners, for reasons including "the law's harm to citizens."
Al-Wefaq stated, in a statement on Monday, that "the council appointed by the King of the country, Hamad bin Isa Al Khalifa, had approved an increase on the value-added tax to 10% during 2021, in a session that turned confidential at the request of 15 members."
The political society went on to say that "the members of the Council who belong to the bourgeois class did not mention all these lists of reasons on the day they approved the increase in the added value, which directly burdens citizens, but they gathered all their strength yesterday so that the merchant class they represent would not be harmed in the final results of the money transfer tax law."
Al-Wefaq expressed that the appointed Shura Council plays the role of the "guardian of tyranny", following the major political treachery that it was known for during the year 2001, when the authorities made public promises to keep the appointed Shura Council for Shura (i.e. consultations) only, and the elected council for legislation, but then reneged on that as soon as they voted on the "National Action Charter".
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