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I am delighted to announce a historic achievement for AUC and its stakeholders in the form of a final settlement with the Government of Egypt on the long-standing and complicated question of income taxes owed on AUC employee salaries. After five years of intensive engagement, we have arrived at an agreement whereby AUC faculty and staff receive a discounted income tax rate, based on the exemption of the portion of salaries paid from the University’s non-local sources of funding.
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