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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... 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.... |
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.... 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 |
Re: Inflation
Yikes, I drive from Ream to Al Raha daily, that'll soon add up.
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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: |
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.
http://i425.photobucket.com/albums/p...ps7b992afe.jpg |
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? |
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 Result, over 150,000 fines on the first day. Do the mathS |
Re: Inflation
Originally Posted by Bahtatboy
(Post 12038042)
You missed out the plans for Income Tax.
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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?
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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%. |
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.
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Re: Inflation
Originally Posted by DXBtoDOH
(Post 12038784)
Say that to Singapore and HK....
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. |
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. |
Re: Inflation
Originally Posted by Bahtatboy
(Post 12038802)
Because you're not really employable at home?
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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. |
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