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 ministry confirms 10 Emiratis, 4 Indians killed in Fujairah crash
Dubai Police dismantles investment fraud network
Public Prosecution launches investigation into Fujairah crash
Eid Al Etihad holidays confirmed for private sector
Prison terms, heavy fines for those involved in Abu Dhabi hotel brawl
UAE President, Arab League chief discuss regional developments
Dubai Police issues over 27,000 traffic fines in October
UAE announces Eid Al Etihad holidays for federal sector
