Regulation, Risk & Compliance
Tax
Uncategorized
The IMF and World Bank — wolves in sheep’s clothing
For years, the International Monetary Fund (IMF) has been pressing Gulf states to apply value-added tax (VAT) on consumer goods and services, ostensibly to strengthen fiscal budgets. It appears that Gulf Cooperation Council (GCC) states may have heeded that advice, although several including Kuwait and Oman have postponed its implementation,…
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Click here to read the full story: Arab News