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Saudi Arabia's Ministry

Saudi Arabia's Ministry 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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