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Saudisation ‘will support economic growth’Saudisation will support economic growth and although the SR2,400 ($640) levy on foreign employees in excess of locals will cause short-term margin pressures, it will result in long-term gains, a report said. “We believe Sau More… |
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Bahrain Shura rejects bid to end wages levyBahrain's Shura Council has rejected a proposal to end a one per cent deduction from the salaries of public and private sector workers, a report said. The deduction is part of the insurance against unemployment scheme, which w More… |
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UK to raise $4 billion with bank levyBritain said it expected to raise about GBP2.5 billion ($4 billion) a year by 2012-13 from a permanent tax on British and overseas banks' balance sheets. Britain has introduced the tax saying banks should make 'a fair contribution& More… |
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UK plans banking levy; bonus curbsBritain's new government said on Thursday it planned to introduce a banking levy and rein in bonuses in the financial services sector as it set out its detailed coalition agreement. Fleshing out a programme first ske More… |
