Egypt may impose health tax on cement firms

Egypt may impose health tax on cement firms
Published: 16 April 2010

An official at the Egyptian government said that the health and finance ministries are studying proposals to impose a 10 per cent tax on cement companies to raise funds for public health expenditures, Reuters reported.

Egypt is overhauling healthcare and insurance to improve services for its population. Health Minister Hatel el-Gabaly said earlier this month that the government should raise money for health expenses from polluting industries such as tobacco and cement.

The option of taxing cement firms is now under discussing, the newspaper quoted the minister as telling a news conference on Thursday.