Emerging Gulf tax order to challenge family businesses


Al-Monitor Pro Members


Sebastian Castelier

Business journalist covering Gulf economies


Feb. 24, 2023

Bottom Line:

Multinationals are weighing the costs of increasing taxation across Gulf Cooperation Council (GCC) economies. But long-term implications are more acute for family-owned businesses that have turned non-universal taxation to their benefit for decades, making it a competitive advantage to retain their grip on non-oil economies. On top of the challenges of a new tax environment, they face the risk of failing to adapt to changing market conditions.

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