Category Archives: Economics

Gulf states set date for introducin...

VAT-Gulf-UAE

  The Gulf States have finally succumbed to raising taxes in a bid to repair their oil-ravaged finances. The six nations have agreed to introduce a value-added tax (VAT) on goods and services sometime in 2018. The leaders and finance ministers have discussed implementing the tax for some time, but the plunging price of oil … Continue reading Gulf states set date for introducing VAT

Financial Understanding

financial-understanding

Money matters too complicated for most adults While pensions, tax, and money matters are becoming ever more complicated, fewer ordinary people understand their finances. Research in the UK and the USA reveal that financial understanding is quite low and that providers and governments need to spend more money on education, rather than offering ever easier … Continue reading Financial Understanding

UK Financial sector determined to k...

Brexit-UK-EU-Passport

  Britain’s financial sector is working hard to not lose EU passporting after the vote to leave the EU. Lord Mayor of the City of London said on Friday. “I think we’re determined that we won’t,” lose passporting rights. The ambassador and UK financial service representative said that it’s clear that we want to stay … Continue reading UK Financial sector determined to keep EU passport

Saudi Arabia Floats Income Tax For ...

saudi-arabia-tax

  Thousands of well-paid expats in Saudi Arabia may have to pay income tax in the future as the government mulls ways of raising money to plug a massive budget deficit. Taxing expats incomes is one proposal before policy makers. Around a third of Saudi Arabia’s population of 30 million are expats. Most of the labour force … Continue reading Saudi Arabia Floats Income Tax For Expats