British Expats

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-   -   Inflation (https://britishexpats.com/forum/sand-pit-116/inflation-882415/)

IKnowNothing Aug 29th 2016 3:46 am

Re: Inflation
 

Originally Posted by flood2 (Post 12038040)
Back to inflation....;)

In Abu Dhabi, off the top of my head...

rents now have a 3% tax
Tawtheeq now costs 1000AED at first registration
electric/water went up by about 10% average this year
School fees are up around 6% from last year
Hotel tax at 4% so all purchases in hotels for food and drink are now at 20% tax

also due soon...

We have VAT being implemented in next year or two
In Abu Dhabi Road User congestion charging has been out to tender and may get implemented next year
National press talking about more toll roads at a federal level...

But hey, it's all good cos we pay no income tax.....

The people (private company) that run the speed cameras in Abu Dhabi are on a revenue share agreement with the government, they put the cameras up for free and share the revenue.

Is that the way to go? I think it could well be, costs the government nothing, and if you don't speed the road is free....

flood2 Aug 29th 2016 5:40 am

Re: Inflation
 

Originally Posted by IKnowNothing (Post 12038044)
But hey, it's all good cos we pay no income tax.....

The people (private company) that run the speed cameras in Abu Dhabi are on a revenue share agreement with the government, they put the cameras up for free and share the revenue.

Is that the way to go? I think it could well be, costs the government nothing, and if you don't speed the road is free....

I am not sure about that, i work in a related field but they keep a lot of info on cameras to themselves....

The congestion charging will impact in a big way in AD. Phase 1 will impact everyone on reem, saadiyat and west of al sadda street. Phase 2 the rest of the island. Variable charges depending on time of day.

The federal government announced recently that 34 toll road applications had been receieved from all emirates about new schemes and potentially for trucks in a seperate scheme . If trucks get tolled then these costs will get passed on day to day shopping etc

Big travel costs are coming soon

iggle Aug 29th 2016 3:36 pm

Re: Inflation
 
Yikes, I drive from Ream to Al Raha daily, that'll soon add up.

iggle Aug 29th 2016 4:18 pm

Re: Inflation
 

Originally Posted by Bahtatboy (Post 12038023)
Iggles is PinkMinnow's alter ego. PinkMinnow's repressed sexuality and abhorrence of the naked male form comes out in Iggle's imagined straight relationship with Oksana, but lived out in reverse reality with Vlad and Boris.

Sometimes I wish I didn't have an imaginative intellect. :sick:

No you just spend your evening on pornhub searching and yanking your 4 incher to gay porn.

scrubbedexpat141 Aug 29th 2016 4:28 pm

Re: Inflation
 

Originally Posted by iggle (Post 12038609)
No you just spend your evening on pornhub searching and yanking your 4 incher to gay porn.

Bahtat reeling in a whopper of a bite there.

http://i425.photobucket.com/albums/p...ps7b992afe.jpg

Muncle Aug 29th 2016 5:52 pm

Re: Inflation
 

Originally Posted by Millhouse (Post 12036837)
Is it just me, or are we really seeing some inflation in the UAE right now?

I don't actually have that many expenses here but what I do spend seems to be going up a lot. I feel this in the supermarkets and some of the restaurants... here is my favourite example:

My salad in the the DIFC was previously 32dh at Taqado, then they started cutting the portions which was annoying as it just wasn't enough. The price then went to 35dh but the portions recovered a bit. Then portions went down again, so the only way to make it enough was to order extra meat (5dh) - bringing the price to 40dh. Now, the portions have dropped a bit, and the extra meat is 10dh. So this crappy salad is now 45dh. And that's before the guacamole (5dh). 32dh to 45dh in about a year. I've totally given up on them now.

But I'm also seeing this in the supermarkets with meat and fish.

Anyone else feel the same?

Millhouse -I concur, particularly when it comes to Taqado DIFC which has gone rapidly downhill as far as costs and portion control. Have recently tried Mercato (next door to Roberto's) and you can get a good pasta dish or 2 pizza slices for less than Taqado, with prices dropping to 50% at 4PM, how long their prices will be reasonable for is up for debate naturally...

IKnowNothing Aug 29th 2016 5:56 pm

Re: Inflation
 

Originally Posted by flood2 (Post 12038133)
I am not sure about that, i work in a related field but they keep a lot of info on cameras to themselves....

The congestion charging will impact in a big way in AD. Phase 1 will impact everyone on reem, saadiyat and west of al sadda street. Phase 2 the rest of the island. Variable charges depending on time of day.

The federal government announced recently that 34 toll road applications had been receieved from all emirates about new schemes and potentially for trucks in a seperate scheme . If trucks get tolled then these costs will get passed on day to day shopping etc

Big travel costs are coming soon

Maybe there's more than one company, or they bid for specific roads/places? But i can assure you, a new gantry was set up on Salam Street, just before the bridge heading into town, the speed limit was dropped just before the gantry.

Result, over 150,000 fines on the first day.

Do the mathS

mission Aug 29th 2016 10:30 pm

Re: Inflation
 

Originally Posted by Bahtatboy (Post 12038042)
You missed out the plans for Income Tax.

you think that will ACTUALLY happen?

DXBtoDOH Aug 29th 2016 10:59 pm

Re: Inflation
 
Yes.

It'll start at a mandatory 2.5% deduction and gradually increase from there. Within the decade or so to 15-20%.


Originally Posted by mission (Post 12038742)
you think that will ACTUALLY happen?


iggle Aug 29th 2016 11:10 pm

Re: Inflation
 

Originally Posted by DXBtoDOH (Post 12038771)
Yes.

It'll start at a mandatory 2.5% deduction and gradually increase from there. Within the decade or so to 15-20%.

Then everyone will leave, no need to be here with Income Tax, High Rent and High School fees.

DXBtoDOH Aug 29th 2016 11:13 pm

Re: Inflation
 
Say that to Singapore and HK....


Originally Posted by iggle (Post 12038778)
Then everyone will leave, no need to be here with Income Tax, High Rent and High School fees.


iggle Aug 29th 2016 11:27 pm

Re: Inflation
 

Originally Posted by DXBtoDOH (Post 12038784)
Say that to Singapore and HK....

I don't deny it won't happen, but my gut reaction would be a large exodus of expats.

For examples, 30k is deemed a good wage here, nothing special but not poor

Income 30,000
Tax (20%) -6,000
Rent -7,500
Car -2000
Consum -6,500
Bills -1,000
Hooker Allowance -7000

Doesn't leave you anything left :unsure: So why would you live in a country that works you to the bone, is 50 degrees hot and you are making no saving.

Bahtatboy Aug 29th 2016 11:29 pm

Re: Inflation
 

Originally Posted by iggle (Post 12038798)
I don't deny it won't happen, but my gut reaction would be a large exodus of expats.

For examples, 30k is deemed a good wage here, nothing special but not poor

Income 30,000
Tax (20%) -6,000
Rent -7,500
Car -2000
Consum -6,500
Bills -1,000
Hooker Allowance -7000

Doesn't leave you anything left :unsure: So why would you live in a country that works you to the bone, is 50 degrees hot and you are making no saving.

Because you're not really employable at home?

iggle Aug 29th 2016 11:36 pm

Re: Inflation
 

Originally Posted by Bahtatboy (Post 12038802)
Because you're not really employable at home?

I am very employable back in UK. But I don't want to go back there. Why go home and work in Leicester and Bradford when i have the same here for more money?

DXBtoDOH Aug 29th 2016 11:39 pm

Re: Inflation
 
Already the case for many people as it is ;)


Originally Posted by iggle (Post 12038798)

Doesn't leave you anything left :unsure: So why would you live in a country that works you to the bone, is 50 degrees hot and you are making no saving.

There will be adjustments, there will be winners and losers. But income tax is definitely on the horizon. We'll see how it fully manifests itself. I agree that 10-20% income tax would be the killer for many families but singles will probably adjust and cope.


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