“From a broader perspective, what will be more interesting is whether the region as a whole looks to extend that corporate tax to other perhaps smaller foreign-owned companies or companies that have some foreign ownership. That is something they will have to manage quite carefully because there is very much a push to attract more FDI into the region and so they won’t want to jeopardize that by becoming too aggressive on corporate taxes.”
–Khatija Haque, Emirates NBD chief economist, commenting on the G7’s recent support for global minimum corporate tax and it’s potential impact on GCC states. [Arab News]
