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Naif Al-Rasheed

Naif Al-Rasheed latest

Regional economies, including Saudi Arabia, have been hit hard by the drop in oil prices, boosting the need for reforms such as subsidy cuts and the introduction of a value-added tax (VAT). (File photo)
April 13th, 2017 - 01:03 GMT

A tax on the rich will eliminate the need for VAT in GCC: Expert

A financial expert argues that another measure to fix the region's budget deficits would be to impose a 'tax on the rich.'
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