Dubai from an investment point of view, 2016 couldn’t have started with more uncertainty. General discussions revolve around certain topics: oil prices, the Chinese slowdown, stock market volatility, rising US interest rates, currency fluctuations, a challenging sales environment, increasing inventory, corporate earnings, real estate prices, the geopolitical situation in the Gulf, North Korea, ISIS and the refugee crisis.
The impact on oil prices has paved way for new ideas on boosting public revenue, and considering the suggestions by IMF, the GCC governments are mulling over the thought of introducing VAT and corporation tax.
The GCC, with its tax-free environment, has attracted investors from various parts of the globe. But, when you take into account, the indirect cost implications associated with running an establishment, one might support VAT and avail of the facilities like – ease of conducting business, fair legal framework, and support systems for new establishments.With the VAT revenue model, these things could be improved.
Change is the most essential and unavoidable aspect of business and somehow internet is now ruling the marketing world. Google is the name that is synonymous with internet search considering its dominance, but business specific search engines continue to rise every now and then. The concept of Search Engine Marketing has replaced traditional marketing extensively, with the former dealing with enhancing a business website’s online presence in popular search engine results.