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Winners and Losers: Firm-Level Impacts of GCC Tax Reforms Revealed
May 8, 2025by Dr Dawkins Brown
Tax Reform and the Business Bottom Line Since 2014, the Gulf Cooperation Council (GCC)—which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—has embarked on a fiscal journey to reduce dependence on oil revenues. While macroeconomic indicators have largely weathered these tax reforms with resilience, the firm-level effects tell a more nuanced...
