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Inflation

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Old Aug 29th 2016 | 11:49 pm
  #61  
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Default Re: Inflation

Originally Posted by DXBtoDOH
Already the case for many people as it is

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.
How do you know this? Please don't tell me the same source that predicts the death of the big man every Eid?

These people are addicted to indirect taxes, I find income taxes a harder concept for them to deliver.

Income taxes would probably push down rents to some extent. This place will never be Singapore or HK, it's not an asian powerhouse, or next door to one.
 
Old Aug 30th 2016 | 12:01 am
  #62  
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Default Re: Inflation

Any country that modernises has to face the reality of taxes sooner or later.

Are there any developed economies offering first world standards that do not have income taxes?

Originally Posted by Millhouse
How do you know this? Please don't tell me the same source that predicts the death of the big man every Eid?

These people are addicted to indirect taxes, I find income taxes a harder concept for them to deliver.

Income taxes would probably push down rents to some extent. This place will never be Singapore or HK, it's not an asian powerhouse, or next door to one.
 
Old Aug 30th 2016 | 12:03 am
  #63  
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Default Re: Inflation

Originally Posted by DXBtoDOH
Any country that modernises has to face the reality of taxes sooner or later.

Are there any developed economies offering first world standards that do not have income taxes?
What do they offer that you're not already paying for?

Healthcare = Insurance
Water / Elec = Bills
Building of Accom = Rent
Road tax = Tolls

CBA of thinking of more options, but nothing is for free in this country and everything is over priced.
 
Old Aug 30th 2016 | 12:28 am
  #64  
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Default Re: Inflation

I'd like to see how they roll out VAT and how they decide which products/services will be vatable and non-vatable etc.....most gvt offices can't even handle the most basic of computations.
Eg when I moved aprts in Dec I was given the wrong dewa account so my deposit of AED 2k went against another aprt....i was passed from pillar to post to just get, what should have been a simple thing to rectify on the systems, into almost a week's delay in my dewa being connected - I swear this place would send anyone into an early grave!
 
Old Aug 30th 2016 | 12:33 am
  #65  
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Default Re: Inflation

Originally Posted by iggle
What do they offer that you're not already paying for?

Healthcare = Insurance
Water / Elec = Bills
Building of Accom = Rent
Road tax = Tolls

CBA of thinking of more options, but nothing is for free in this country and everything is over priced.
Exactly - in return for taxes people demand services (and sometimes representation). With a heavy expat population it becomes difficult to tax without providing services (or they will just leave) - and they don't want to do that. This is why it will be via every increasing indirect consumption taxes and fees for the foreseeable future.
 
Old Aug 30th 2016 | 12:34 am
  #66  
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Default Re: Inflation

Originally Posted by mission
I'd like to see how they roll out VAT and how they decide which products/services will be vatable and non-vatable etc.....most gvt offices can't even handle the most basic of computations.
Eg when I moved aprts in Dec I was given the wrong dewa account so my deposit of AED 2k went against another aprt....i was passed from pillar to post to just get, what should have been a simple thing to rectify on the systems, into almost a week's delay in my dewa being connected - I swear this place would send anyone into an early grave!
Until they remove cash transactions from a large parts of the economy they will really struggle.
 
Old Aug 30th 2016 | 12:42 am
  #67  
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Default Re: Inflation

Originally Posted by Millhouse
Until they remove cash transactions from a large parts of the economy they will really struggle.
you mean cash transactions with no receipts
 
Old Aug 30th 2016 | 12:46 am
  #68  
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Default Re: Inflation

Originally Posted by mission
you mean cash transactions with no receipts
...or receipts from the second book
 
Old Aug 30th 2016 | 2:37 am
  #69  
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Default Re: Inflation

Originally Posted by TheShed
Some friends and I were chatting about this the other day and we are all completely bemused by the Middle East practice of putting UP prices because trade is down
Not only ME.. a very SEA way of trying to compensate.

Originally Posted by Millhouse
What I don't understand is that the dollar peg should be isolating us from this really.
See above... lower sales, higher prices

Originally Posted by Scamp
I had spotted the own brand (but nice looking) 1kg bag for only 16% more.
Tight git.!

Originally Posted by IKnowNothing
Anyone want to mention School Fees?

77,000 a year for a 14 year old? Madness, total madness, and they just keep on going up and up, then there's the "You can only buy a uniform from this shop" (also owned by the school group), so a shirt s AED40!
Keeps out the riff raff.!!


Personally.. I haven't been here long enough to notice inflation.. I just know everything is f**king expensive anyway.!!
 
Old Aug 30th 2016 | 3:19 am
  #70  
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Default Re: Inflation

Originally Posted by IKnowNothing
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
I am not sure where you heard that. Sounds a bit high

No road in Abu Dhabi has 150k vehicles a day on it. Salam St. at the tunnel has a maximum of around 7000 per hour at the peak AM or PM. When at this level high speeding is not an issue as the road is too congested. For speeding on any road you tend to have lower flows as people speed up as they have more space
 
Old Aug 30th 2016 | 3:45 am
  #71  
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Default Re: Inflation

Originally Posted by flood2
I am not sure where you heard that. Sounds a bit high

No road in Abu Dhabi has 150k vehicles a day on it. Salam St. at the tunnel has a maximum of around 7000 per hour at the peak AM or PM. When at this level high speeding is not an issue as the road is too congested. For speeding on any road you tend to have lower flows as people speed up as they have more space
I think he meant AED 150,000, so 500 fines at the old price of AED 300 aed a ticket. Or he was just embellishing the size of the fines (like he does with his cock size)
 

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