Egypt plans social media tax 

Egypt plans social media tax 

Egypt plans to impose a tax system on online advertising and social media websites, the New Arab reported the deputy finance minister saying. Riyad Abdel Sattar said that Facebook and Twitter users should pay a monthly registration fee which will enable the state to monitor online activity. Lawmaker John Talaat said members of parliament should actually be pushing for lower internet costs because of the bad service. Egypt's broadband speed is ranked among the slowest in the world. The tax is unlikely to be popular with Egyptians who are already struggling with the high cost of living. Fuel and electricity prices have soared following an austerity programme put in place in exchange for a 2016 IMF loan. Since 2014 the [“¦]