UAE financial advisory firm, Arton Capital, has called for a “Global Citizen Tax” to be implemented to fund the current refugee crisis. They have called on the European Union to institute a levy on foreign investors as part of their residence and citizenship programs. The firm says the proposed tax could raise in excess of AED 1 billion within 18 months, and up to AED 4 billion in the next five years. Armand Arton, CEO of Arton Capital, shares if investors would be happy with this additional tax.
Listen
Sharjah Ruler approves more than 4,400 student scholarships
Twenty five judges take the oath in Sharjah
UAE to train more than 24,000 educators ahead of new academic year
Dubai Police impounds 497 vehicles over unpaid traffic fines
Dubai adopts unified government workforce productivity system
