Competitive Advantage Through Taxation In GCC Countries

This study analyzes and compares the competitive advantage of taxation for six members of the Gulf Co-operation Council (GCC): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The GCC countries enjoy one of the least demanding tax systems in the world. The average total tax...

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Bibliographic Details
Published in:The international business & economics research journal 2014-06, Vol.13 (4), p.769
Main Author: Almutairi, Humoud
Format: Article
Language:English
Subjects:
Competitive advantage
Consumption
Corporate income tax
Corporate tax planning
Corporate taxes
Economic conditions
Economic growth
Economic reform
Excise taxes
Foreign investment
Global economy
International taxation
Property taxes
Recessions
Studies
Tax rates
Tax reform
Tax revenues
Taxation
Use taxes
VAT
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Summary:This study analyzes and compares the competitive advantage of taxation for six members of the Gulf Co-operation Council (GCC): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The GCC countries enjoy one of the least demanding tax systems in the world. The average total tax rate for the entire Middle East region is 23.6%, which is much less than the global average of 44.7%. Thus, the taxation structure and system of the GCC nations is uncomplicated when compared to rest of the world. Moreover, the GCC nations depend heavily on indirect taxes and revenue from energy exports, rather than internally generated funds. Though this system has its advantages, it may become a cause of concern for authorities in the future as taxation can influence the overall growth in different dimensions. Thus, this study further explores the need for an effective taxation policy to support future performance of the GCC member nations.
ISSN:1535-0754
2157-9393
DOI:10.19030/iber.v13i4.8685