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VAT Tax its comming to Dubai, What will happen with the EK package?

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VAT Tax its comming to Dubai, What will happen with the EK package?

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Old 22nd Feb 2006, 07:05
  #21 (permalink)  
 
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Originally Posted by Wiley
but I must say that you are the first person with any knowledge of economics that I have heard in recent times lightly dismiss the USD's current weakness as being nothing to worry about.
Wiley, thanks for your input. On the contrary, I do think that the dollar weakness is something to worry about. I'm stating merely that the all time low of dollar at present is not because of some sort of a "tax" strategy but because of some very stupid decisions made by one administration. If we should run into a recession in the US everyone will have to pay a high price. If we get away with it, the dollar will recover and the Euro will go back where it belongs. That will be the moment when nobody wants to have Euro for oil anymore

Dani
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Old 22nd Feb 2006, 07:25
  #22 (permalink)  
chinawladi
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Guys, go and play Greenspan Jr. in another sandpit, please. This thread is about VAT in UAE and what it might do for the EK package. In my humble oppinion they couldn't care less concerning the package, however the ticket prices will be raised, like all other prices around here. It has been going on like that for years now. Any more optimistic voices?
 
Old 22nd Feb 2006, 09:20
  #23 (permalink)  
 
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chinawladi, you have a very shortsighted view of the topic. This is all interconnected with each other, and one reason why UAE might start VAT is because of the low dollar.

Over and out.
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Old 22nd Feb 2006, 15:35
  #24 (permalink)  
chinawladi
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Yeah, and when the dollar goes up again they'll abolish the VAT, - dream on!
We can blah, blah as long as you want, even Swiss economic gurus can't predict what's next under the dishdash's. So let us continue to wonder what impact this will have, if any, on our EK package.
 
Old 22nd Feb 2006, 16:30
  #25 (permalink)  
 
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Well China dude don't worry...
I predict it won't impact at all on the package since we're gonna receive 20% pay increase this May...
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