According to the decision 30 per cent of the revenue will go to the federal government, and 70 per cent to the local governments.
Recent measures in Pakistan to widen the tax net, initiating a number of proposals like an amnesty scheme to allow people to declare their ‘unknown’ assets, and changes in tariff in many services and products, have created confusion among the Pakistani expatriates in the UAE.
G20 countries are planning a new tax policy for digital giants like Google, based on the business a company does in a country, not where it is headquartered, the Nikkei business daily said on Thursday.
US President Donald Trump on Wednesday ordered an investigation into France’s planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions.
There is a lot to unpack when it comes to the Democratic presidential candidates’ many proposals to transform America, but the real question isn’t whether they will work.
Rampant corruption has also eroded the country's infrastructure and basic services.
The United Arab Emirates, which includes Dubai, was given a clean bill of health, lifted out directly from the blacklist after rushing through reforms.