Can VAT Discourage Investment Banks in the GCC from Investing in Domestic Markets?

Journal
oğlu Majidli, M.K.
GCC Countries
International VAT Monitor 2020 (Volume 31), No. 3
FormatPDF
EUR
40
| USD
45
(VAT excl.)

In this article, the author criticizes the exemption from VAT of financial services in the GCC VAT system by explaining its impact on domestic investment banks and, as a consequence, on the volume of domestic investment.