A parliamentary proposal has been submitted to impose a five per cent tax on the net profits of companies operating in Bahrain to generate more than BD100 million for the state budget, Parliament Speaker Ahmed Al Musallam has revealed.
The money could be used to cover the shortfall in subsidies for electricity, water and fuel, and to prevent any increases that would burden the middle and low-income classes, he said as he received in his office Akhbar Al Khaleej Editor-in-Chief Anwar Abdulrahman .
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