With VAT, Gulf banks will experience cost variations - Dr. Nawazish Mirza writes in Gulf News

An article written by Dr. Nawazish Mirza titled “With VAT, Gulf banks will experience cost variations” has been published in Gulf News. “Given that VAT is on consumption, it is sometimes considered regressive in nature. However, given some of the unique characteristics of the proposed tax reforms, it is likely to be quite progressive,” says Dr. Mirza in the article.