Thursday, March 26, 2009

UAE, Dubai thinking countercyclically

At least they're not thinking of raising taxes or cutting government spending:

Emirates 24|7 (generating discussion at UAE community blog):
According to Mohammed Ahmad bin Abdul Aziz, Director-General of the UAE Ministry of Economy, VAT is "not on the table". "It's not up for discussion… it's not on the table at the moment and we don't foresee that happening in the near future," he said on the sidelines of the Arab Investment Forum yesterday.

Hisham Abdullah Al Shirawi, Second Vice-Chairman of Dubai Chamber of Commerce and Industry, said he is not sure whether VAT will be implemented, adding that in times like these, the government is rather expected to lower its service fees.

Gulf News:
Al Shaikh said this is a reality, as no government department in Dubai has sacked any of their employees.

“Dubai Government will not sack any staff working for government departments, yet this does not mean that employees can neglect their duties or violate administrative rules,” he said.



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