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Jun 1, 2023

Dubai, Abu Dhabi broaden incomes with tax hike

From the BBC World Service: The United Arab Emirates, for many years a zero-tax economy, has introduced new corporate tax rates for businesses. That comes as the country’s government seeks to move away from reliance on oil revenues. Plus, the BBC’s Nkechi Ogbonna reports from Nigeria, where a planned end to oil subsidies has led to a rush in people stocking up at fuel depots.

Dubai, Abu Dhabi broaden incomes with tax hike
Giuseppe Cacace/AFP via Getty Images

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