Oman taxing the richest: 'It will be interesting to see if Muscat starts a trend'
By introducing a 5% income tax on the wealthiest Omanis starting in 2028, the sultanate becomes the first Gulf country to implement such a measure. It is a way to anticipate a decline in oil revenues as global crude prices continue to trend downward, writes Le Monde columnist Isabelle Chaperon.
By introducing a 5% income tax on the wealthiest Omanis starting in 2028, the sultanate becomes the first Gulf country to implement such a measure. It is a way to anticipate a decline in oil revenues as global crude prices continue to trend downward, writes Le Monde columnist Isabelle Chaperon.
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