UAE financial advisory firm, Arton Capital, has called for a “Global Citizen Tax” to be implemented to fund the current refugee crisis. They have called on the European Union to institute a levy on foreign investors as part of their residence and citizenship programs. The firm says the proposed tax could raise in excess of AED 1 billion within 18 months, and up to AED 4 billion in the next five years. Armand Arton, CEO of Arton Capital, shares if investors would be happy with this additional tax.
Listen
UAE bans travel to Mali, urges nationals to return
Rain, dusty conditions forecast across UAE from December 12
UAE continues to send crucial aid to Sri Lanka
BRIDGE confronts rising threat to privacy in age of relentless misinformation
UAE offers condolences to Australia over death of firefighter in bushfire
