UAE: After Oman, will other GCC countries introduce personal income tax?

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Well, couple of⁠ reasons, actually:
  1. It's a money thing - since if it's just a 5% (on top⁤ of 9% people already pay) it's abut 14% in total. People have other options in⁣ this range especially taking into account the increase in cost of living in Dubai. Again,⁢ it all comes down to a specific situation and persons goals etc.
  2. It's a privacy︀ thing - this means that everyone needs to submit the statement showing all your assets︁ and income from them. That's not good as a lot of people are hiding their︂ assets/capital there and if these documents get leaked (as EJARI documents got leaked couple years︃ ago - check "Dubai Unlocked" or "Dubai Leaks") - their assets will get exposed.
  3. It's a mindset thing - if you've got nothing to report and nothing to pay -︄ it gives you a feeling of freedom and a peace of mind (you don't owe︅ taxes and you can't get fined/jailed if you don't file a report in time or︆ if the report has some mistakes etc). You can just sleep better knowing it's one︇ thing less to worry about. Also paying tax to absolute monarchy as Martin pointed out︈ makes little sense.
 
#Bingo! 100% this! This man understands⁢ zero vector attack!
I mentioned this several times on this forum. It was my reason︀ for moving to Monaco in the late 1990s. Taxes were NEVER my concern!
I'm looking︁ for a place where I do NOT have to read thousands of pages of rules,︂ regulations, and laws written by useless and unproductive thieves or NOT spend my hard-earned money︃ on a "state-licensed disguised enemy" (e.g., defense attorney, accountant, etc.) to defend me against the︄ SAME state that gave him/her a license to defend me! Like, WTF?!!! stupi#21

To the people︅ who claim Monaco is tiny, it is OBVIOUS that none of you have EVER seen︆ the inside of a prison cell, and even if you did, you were NOT "checked︇ into your brain." Compared to a prison cell, Monaco looks like a Riemann Sphere (in︈ a more abstract mathematical sense that encapsulates the idea of being boundless and unending) as︉ one can use the Monaco train station to basically go anywhere in Europe or fly︊ in and out of the Nice-Côte d'Azur International Airport.
 
NGL, I spend less money in Monaco than I did in Miami Beach, NYC, Beverly‌ Hills, or Zurich. I would say it is on par with Zug.
 
Medicine is NOT‌ good anywhere unless you take an active role in your own health! Most doctors are‍ just licensed drug pushers. The ones who are smart and spread the truth get canceled.⁠ Ask any regular doc about TRT, and you'll see them flapping on the floor like⁤ a fish out of water.

Having said that...

I usually buy medicine in bulk in⁣ low-cost countries. If I really need emergency medicine in Europe (it has NEVER happened before),⁢ I'll buy it locally *if* I can't take advantage of pharmaceutical arbitrage.

I pay less︀ than 1% on my medications compared to the prices in Europe,and let's not even mention︁ the US.

Take, for example, Aspirin.

(1) In Zürich, it is CHF 9.20 (~US$ 10.40)︂ for 20 tablets of 500mg each. So, the price per tablet = 10.40/20 = $0.52/tablet.︃ Source: ASPIRIN S Tabl 500 mg 20 Stk

(2) On Amazon US, it is US$︄ 10.35 for 100 tablets of 500mg each. So, the price per tablet = 10.35/100 =︅ $0.1035/tablet, which is 80% less. Source: https://www.amazon.com/Strength-Bayer-Aspirin-Tablets-Reliever/dp/B00BV47LWE/

(3) On Indiamart, it is ₹ 30 (US$︆ 0.36) for 20 tablets of 500mg each. So, the price per tablet = 0.36/20 =︇ 0.018/tablet, which is ~97% cheaper. Source: Aspirin Tablet 500 Mg

(4) I buy mine from︈ other less-publicized places (other countries) *and* in BULK, so I end up paying way less︉ than US$0.01 per tablet. I can't disclose my sources because BAYER will shut them down︊ in a second! DYOR.

The medicine prices in Monaco are equivalent to Zürich prices. The︋ difference is that the pharmacies in Monaco do not disclose their prices (in general), like︌ some restaurants. smi(&%

Cheers!
 
Many revolutions have been fought after tax increases, we could even say that the United‌ States was created because of them. Nowadays, the tax is already deducted before the salary‍ is paid to the employee, so it doesn't feel 'real'. People will only take it⁠ to the streets when they can no longer buy food.

But for us entrepreneurs it⁤ is a different, painful, story. We are directly confronted with taxes. First the money shines⁣ in our bank accounts and then we have to give a large sum to the⁢ crooks of the state.

I expect taxes to continue to rise globally in the future,︀ it remains the easiest source of income. But demanding more than half of your hard︁ earned income is not a sustainable situation for any state, as long as arbitrage exists︂ when you can move to a country where you pay significantly less. So it is︃ up to countries who charge the least, and most likely they will continue increase their︄ taxes with small bumps here and there.
 
You talk about very︌ complex mechanisms of human body such as hormones, medicine is not good there yet.

But I'm talking about basic day-to-day needs such as getting a simple tooth filling whenever needed,︍ basic surgery or getting patched up quickly in case of a cut. How's the price︎ for these things there? And is quality reliable?
 
You travel to the best, least expensive places with the MOST qualified health service providers due⁠ to their massive hands-on experience! coo-:!y
You MUST grab the bull by its horns!


If you⁤ want things easy and have the nanny state provide it for free without actual self-reliance,⁣ there is NOTHING I can do...nor would I want to.

Please think this through... What⁢ are the chances of having so many geniuses in a small circle/city? 🙄

Even here on︀ OCT, we all come from different walks of life, with different educations and upbringings, but︁ we have one thing in common: being our own bosses! We share one thing, being︂ our own bosses, in common for sure (I hope so): that it is time-tested, withstood︃ the state's attack, and works.

No Harvard-educated dentist doing 20 implants a month is going︄ to be better than a Colombian dentist doing 200 implants a month! Just look at︅ the teeth of most average Europeans, including but not limited to the Brits, compared to︆ the average Colombians and Brazilians. hi%#

No wealthy Swiss tennis player hitting the ball 20 times︇ a day is going to be better than a poor Somalian tennis player hitting the︈ ball 200 times per day,that's an uncomfortable reality!

Let me give you a REAL-LIFE example:︉

In Germany, you have total body "prescans" for €2,750 - Source: DirectClinics Total Body Scan︊

The same f*cking thing in Brazil (away from the tourist areas) is R$450 (+/- €73.74),︋ and they are twice as fast as the Germans in completing the task. So much︌ for German efficiency!
Source: Exame: Ressonância Magnética | Jjservicosmedicos

I've accompanied relatives to the one︍ in Germany, and I underwent the one in Brazil myself multiple times!


vs

That is +3700% MORE expensive‍ and takes TWICE as long! Why? 🙄

I can give even more examples that @JohnnyDoe and a few others here would like to hear so they can laugh, but it would⁠ be too off-topic (for now 😛)

Ohhh...what the H3LL...here's one... There is this Venezuelan girl⁤ who, in Caracas, charged Bs. 200M (€52) for her four-hour spiritual consultation. She would even⁣ cook for you and clean your apartment after your treatment if you would like. coo-:!y

Five years later and OLDER (and a bit fatter), she is in NYC charging US$1500/hour. "⁢ Patients" have to pass a KYC (full copy of government-issued ID and social media presence)︀ and prepay the total amount. Whether she cancels or you cancel, it is NON-REFUNDABLE, and︁ she has the right to deny "treatment" to whomever she deems "not worthy." Same girl!︂ I sh1t you not! smi(&%

Interpret this as you see fit! 😉

PS. By the way, the︃ healthcare professionals in Porto Alegre were born in Brazil but are primarily of German and︄ Italian descent. Most studied in Germany, Switzerland, Italy, or Austria, if you are wondering how︅ the H*ll I got down there to begin with. 😉
In some places in Asia and︆ Latin America, healthcare services and treatments are even cheaper, and some practitioners have a lot︇ more experience due to a larger population. 😉
 
Not sure how you derived it from my words, just curious about Monaco.‍

I also heard bad things about EU healthcare that its overloaded and pricey
 
I didn't, but I apologize for using the "impersonal you" without warning.stupi#21
I meant this "you":‌ Generic you - Wikipedia

I'll watch my usage of pronouns better in the future! 😉
 
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