Qatar to impose income tax
Nov 18th 2009, 7:17 am
#1
Gold-Helmeted Member
Thread Starter
Joined: Dec 2004
Location: Setubal-ish
Posts: 688
Qatar to impose income tax
http://www.reuters.com/article/hotSt...60897120091117
No mention of how much it will be. But wonder if it will set a precedent other gulf nations will follow.
Part of the attraction of the UAE is that we pay no corp or personal tax, but I do wonder what the UAE will do when it realizes that Dubai and most of the non-oil business does not pay its way. Originally the idea was that you encourage people in and that creates demand for housing. You then sell worthless desert to mugs for ever increasing amounts of money to build ever smaller and pokier apartments on.
But the game is up on that one now. Dubai must surely make a net loss based on my and my company's contribution to their coffers. So it can only be a matter of time before they realize and decide they want more from us.
No mention of how much it will be. But wonder if it will set a precedent other gulf nations will follow.
Part of the attraction of the UAE is that we pay no corp or personal tax, but I do wonder what the UAE will do when it realizes that Dubai and most of the non-oil business does not pay its way. Originally the idea was that you encourage people in and that creates demand for housing. You then sell worthless desert to mugs for ever increasing amounts of money to build ever smaller and pokier apartments on.
But the game is up on that one now. Dubai must surely make a net loss based on my and my company's contribution to their coffers. So it can only be a matter of time before they realize and decide they want more from us.
Nov 18th 2009, 7:27 am
#2
why ayeeeee man!
Joined: Jan 2008
Location: Disco Gardens...
Posts: 11,370
Re: Qatar to impose income tax
http://www.reuters.com/article/hotSt...60897120091117
No mention of how much it will be. But wonder if it will set a precedent other gulf nations will follow.
Part of the attraction of the UAE is that we pay no corp or personal tax, but I do wonder what the UAE will do when it realizes that Dubai and most of the non-oil business does not pay its way. Originally the idea was that you encourage people in and that creates demand for housing. You then sell worthless desert to mugs for ever increasing amounts of money to build ever smaller and pokier apartments on.
But the game is up on that one now. Dubai must surely make a net loss based on my and my company's contribution to their coffers. So it can only be a matter of time before they realize and decide they want more from us.
No mention of how much it will be. But wonder if it will set a precedent other gulf nations will follow.
Part of the attraction of the UAE is that we pay no corp or personal tax, but I do wonder what the UAE will do when it realizes that Dubai and most of the non-oil business does not pay its way. Originally the idea was that you encourage people in and that creates demand for housing. You then sell worthless desert to mugs for ever increasing amounts of money to build ever smaller and pokier apartments on.
But the game is up on that one now. Dubai must surely make a net loss based on my and my company's contribution to their coffers. So it can only be a matter of time before they realize and decide they want more from us.
Nov 18th 2009, 7:36 am
#3
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Qatar to impose income tax
Get with the programme! The Dean posted about this last night & the record has been set straight...
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Nov 18th 2009, 10:46 am
#5
MODERATOR
Joined: Dec 2004
Location: Dubai
Posts: 6,370
Re: Qatar to impose income tax
http://www.reuters.com/article/hotSt...60897120091117
No mention of how much it will be. But wonder if it will set a precedent other gulf nations will follow.
Part of the attraction of the UAE is that we pay no corp or personal tax, but I do wonder what the UAE will do when it realizes that Dubai and most of the non-oil business does not pay its way. Originally the idea was that you encourage people in and that creates demand for housing. You then sell worthless desert to mugs for ever increasing amounts of money to build ever smaller and pokier apartments on.
But the game is up on that one now. Dubai must surely make a net loss based on my and my company's contribution to their coffers. So it can only be a matter of time before they realize and decide they want more from us.
No mention of how much it will be. But wonder if it will set a precedent other gulf nations will follow.
Part of the attraction of the UAE is that we pay no corp or personal tax, but I do wonder what the UAE will do when it realizes that Dubai and most of the non-oil business does not pay its way. Originally the idea was that you encourage people in and that creates demand for housing. You then sell worthless desert to mugs for ever increasing amounts of money to build ever smaller and pokier apartments on.
But the game is up on that one now. Dubai must surely make a net loss based on my and my company's contribution to their coffers. So it can only be a matter of time before they realize and decide they want more from us.
N.
Last edited by Norm_uk; Nov 18th 2009 at 10:50 am.
Nov 18th 2009, 12:01 pm
#6
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Qatar to impose income tax
And can you imagine the chaos if/when they do introduce such a thing? 
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