Tuesday 24 December 2024
 
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Gulf Cooperation Council

Gulf states agree to push value-added tax project with oil low

Officials of the six-nation Gulf Cooperation Council agreed at the weekend to keep working towards the introduction of a value-added tax (VAT)around the region, in a sign that low oil prices may be strengthening support for the idea.

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No consensus on GCC expansion

The United Arab Emirates said on Wednesday there was no consensus yet among Gulf states on admitting Jordan and Morocco to the six-member Gulf Cooperation Council (GCC). 'We must learn from the experience of the European Union, which a

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