Gulf Arab States Review Tax Regimes Amid Economic Crisis

May 20, 2020
The emergence of the Coronavirus pandemic and a collapse in oil prices have inflicted acute socioeconomic shocks across Gulf Arab states, which now confront the unenviable prospect of managing prolonged economic downturns. Policymakers must consider controversial measures to cut government expenditures and generate needed revenues. Raising taxes – such as the value-added tax (VAT) and […]