The VATman Cometh

Great, just great. The International Monetary Fund have convinced the GCC countries that it would be really good if we had Value Added Tax. The GCC told the UAE to sort it out. The UAE have delegated the job to Dubai Customs. Dubai Customs have hired the IMF as a technical consultant.

At this time of rampant inflation, do we really need another tax? And in this era of high oil prices, most GCC countries already have more cash than they know what to do with.

But look on the bright side: this is a GCC-wide project, so the possibility of all parties reaching agreement in under ten years is extremely unlikely.