Hidden costs to business may hamper Dubai’s ability to thrive, says a story in today’s Gulf News. The new municipality fee on property, health care, and the Salik toll are helping dilute the benefits of tax-free living, says Eckart Woertz, economist at the Gulf Research Centre.
The paper goes on to say that rising rents, warehousing, education and foodstuffs are seriously jeopardizing Dubai’s prospects. “And with the possibility of a value added tax being introduced, the situation can further deteriorate,” says Woertz, now clearly into his stride.
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