And so in a very late hour , at about 2.30 AM we found that President Morsi decided to retract his decision to increase taxations and customs in Egypt !! He only delayed the increase in taxations and customs to the new fiscal year in Egypt which means in Next July 2013 insh Allah we have this increase.
Now the million dollar question that made Mostafa Al Naggar , Basem Kamel and Nader Bakkar agree for the first time despite their political and ideological differences : What kind of decision making process is being adopted in Presidency !!??
I mean you can not take this decision to increase taxation suddenly like this in this terrible time without knowing its consequences otherwise you do not understand politics or economy.
And now I will end with that comment from Rafa’a El Tahatawy , the chief of staff in presidency today
The president could not keep thinking about the consequences of such decision and its impact on the poor after returning home !! Thus he decided to delay it !!
I hate to say but Zakaria Azamy with all his corruption used to say better excuses than this !!
And like many Egyptians wondered today , what will President Morsi do if he faces war decision !!??