Gulf Rulers Try Fighting Deficits With Taxes.

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  • Additional Information
    • Subject Terms:
      PERSIAN Gulf States
    • Subject Terms:
      INTERNATIONAL Monetary Fund 069275188 ; GULF Cooperation Council
    • Abstract:
      The article discusses how the ruling governments in several Persian Gulf nations such as the United Arab Emirates (U.A.E.) are trying to combat budget deficits by implementing taxes as of 2016, and it mentions the U.A.E.'s decision to establish a federal tax authority to collect a value-added tax (VAT). The Saudi Arabian government's potential taxation of expatriates is examined, along with the International Monetary Fund and Gulf Cooperation Council states.