Category Archives: Market Update

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

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

1 in 10 Over 50s Plan To Carry On W...

over 50s

  Older workers are clinging on to work instead of falling off the retirement cliff when they reach pension age, according to new research. Around one in 10 workers have no intention of retiring – especially if they are already over 65 years old, says a study by Co-op Funeralcare and Co-op Legal Services. Although … Continue reading 1 in 10 Over 50s Plan To Carry On Working

Expats May Face More Taxing Times I...

vat

Expats are facing the unthinkable – losing subsidies, benefits and maybe even paying income tax in the Gulf States. Oil is the culprit. A spectacular decline in the price a barrel from more than $100 to around $30 in less than two years is forcing the rulers of once oil-rich desert kingdoms to rethink their … Continue reading Expats May Face More Taxing Times In The Gulf