Using Dubai isn't that great of an example imo because the government there got filthy rich off of the oil business. They are the exception to the reality of most countries not having that kind of cash without taxing.
@rylandrc Thank you for your response! Interesting viewpoint. What about the fact that Dubai has the least oil? Dubai was a poor fishing town 50 years ago, they didn't make the money from oil. Only 5% of their GDP is from oil, the rest is from trading, tourism, real estate and company registration. I am from Hungary, we would have way more money and more natural treasure than Dubai which is nothing more than sand. Still, Hungary was never built up by any government to use the country's advantages to boom the economy. Tax money is used for corruption and unethical politicians. What about your county?
@@cintiaarnhofferMy apologies. I didn't do my research before commenting and made some wrong assumptions. Upon looking it up, UAE does impose taxes, just less obvious ones such as the value added tax. They also impose fines on various services as well as apparently increased prices for government owned public services. They also have road tolls. They also attract foreign businesses with low tax rates, but they still impose other fines on them. This means that they have many more businesses than the country would naturally domestically support, which is not a model that all countries can follow as there aren't enough foreign businesses to support all countries in this way. It's also important to add that while the UAE may not currently depend as much on oil after diversifying their economy in response to the oil crisis in the 80s, they Absolutely used their oil money to get their economy and infrastructure to where it is today. In other words a lot of the present day success is built upon past oil revenue, which isn't something most countries can do. Overall the UAE is a very unusual country due to its unique circumstances, so it's not really accurate to imply that all other countries could have done the same.
@@cintiaarnhoffer Also, here's part of a long answer I found online: Indirect Taxes Contrary to popular belief, there are many other taxes levied in Dubai and these are taxes that individuals who live here would pay on a regular basis. The emirate of Dubai levies a 10% municipal tax on hotel revenues and entertainment. So whenever you visit a hotel in Dubai for a stay or even a meal, 10% is added to your bill. Alcohol imports are heavily taxed - you pay 50% to bring alcohol into the country and a further 30% on purchase of alcohol (legally with a liquor license) for home consumption, which is why many people choose to purchase alcohol illegally. All the emirates, with the exception of Abu Dhabi, levy a tax on income from rentals - municipal tax of 10% is levied on the rental of commercial premises and 5% on the rental of residential premises. Abu Dhabi does not levy tax on rental incomes, but landlords do have to pay annual license fees. Taxes are also levied by DEWA (Dubai Electricity and Water Authority) on utility bills. In addition to this, Dubai has a system of road toll known as Salik, which has been set up on all major roads leading into and out of Dubai. Every time you drive across a toll road, you pay AED 4; up until a year ago there was a cap of AED 24 that could be paid out in Salik on any given day, but this cp has since been removed; you now pay toll as many times as you use the road. Fines The United Arab Emirates has one of the most efficient and most expensive fines system. There are literally traffic radar cameras everywhere in the UAE, and they are among the smartest systems in the world. The fines paid for violations of traffic laws are expensive, and since people here love to drive fast, traffic fines contribute very well to the government funding. Besides traffic fines, there are also other fines imposed on people who overextend their stay in the United Arab Emirates beyond the expiry the date of their resident visa. Furthermore, Abu Dhabi, Dubai, and Sharjah have metered parking slots everywhere, the amount you pay per hour is different from one city to another, and if someone parks his/her car without paying for the right amount of hours of his/her parking stay, he/she will be fined accordingly.
@@rylandrc thanks! Yes of course we have lots of things we need to pay for. Nobody lives on charity :) Nothing is for free. Yes, I agree some of the fines are quite high. I got traffic fines, mamma mia was painful to pay :) Still on the other hand, I had money aside because 100% of my income is mine. I lived in Denmark, food, electricity, basic living costs were more than expensive than in Dubai, next to the 50% taxes. Security, cleanliness a real disaster over there. I can't go alone as women in some districts. Here I can go out any time, I am safe AND I am not paying taxes. I was just wondering if every country would have their own benefits to generate money for their own country and charge no taxes or just a bit? Beside oil, there is much more which a country could use to live of... I definitely think that the UAE is setting an example that leaders should have a vision and do not penalize those who can make the money, but grating opportunities for those who can make economy flourishing.
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Great points, Cintia!
Thanks a lot! :)
Your absolutely right
thank you!
Great point - There are so many people who believe in the lies they have been told and refuse to think outside the box.
yes! this is the MAIN issue, agree!
Using Dubai isn't that great of an example imo because the government there got filthy rich off of the oil business. They are the exception to the reality of most countries not having that kind of cash without taxing.
Honestly this video feels a lot like comment bait when there is such an important and well known piece of information being omitted.
@rylandrc Thank you for your response! Interesting viewpoint. What about the fact that Dubai has the least oil?
Dubai was a poor fishing town 50 years ago, they didn't make the money from oil.
Only 5% of their GDP is from oil, the rest is from trading, tourism, real estate and company registration.
I am from Hungary, we would have way more money and more natural treasure than Dubai which is nothing more than sand. Still, Hungary was never built up by any government to use the country's advantages to boom the economy. Tax money is used for corruption and unethical politicians.
What about your county?
@@cintiaarnhofferMy apologies. I didn't do my research before commenting and made some wrong assumptions.
Upon looking it up, UAE does impose taxes, just less obvious ones such as the value added tax. They also impose fines on various services as well as apparently increased prices for government owned public services. They also have road tolls.
They also attract foreign businesses with low tax rates, but they still impose other fines on them. This means that they have many more businesses than the country would naturally domestically support, which is not a model that all countries can follow as there aren't enough foreign businesses to support all countries in this way.
It's also important to add that while the UAE may not currently depend as much on oil after diversifying their economy in response to the oil crisis in the 80s, they Absolutely used their oil money to get their economy and infrastructure to where it is today. In other words a lot of the present day success is built upon past oil revenue, which isn't something most countries can do.
Overall the UAE is a very unusual country due to its unique circumstances, so it's not really accurate to imply that all other countries could have done the same.
@@cintiaarnhoffer Also, here's part of a long answer I found online:
Indirect Taxes
Contrary to popular belief, there are many other taxes levied in Dubai and these are taxes that individuals who live here would pay on a regular basis. The emirate of Dubai levies a 10% municipal tax on hotel revenues and entertainment. So whenever you visit a hotel in Dubai for a stay or even a meal, 10% is added to your bill. Alcohol imports are heavily taxed - you pay 50% to bring alcohol into the country and a further 30% on purchase of alcohol (legally with a liquor license) for home consumption, which is why many people choose to purchase alcohol illegally. All the emirates, with the exception of Abu Dhabi, levy a tax on income from rentals - municipal tax of 10% is levied on the rental of commercial premises and 5% on the rental of residential premises. Abu Dhabi does not levy tax on rental incomes, but landlords do have to pay annual license fees. Taxes are also levied by DEWA (Dubai Electricity and Water Authority) on utility bills. In addition to this, Dubai has a system of road toll known as Salik, which has been set up on all major roads leading into and out of Dubai. Every time you drive across a toll road, you pay AED 4; up until a year ago there was a cap of AED 24 that could be paid out in Salik on any given day, but this cp has since been removed; you now pay toll as many times as you use the road.
Fines
The United Arab Emirates has one of the most efficient and most expensive fines system. There are literally traffic radar cameras everywhere in the UAE, and they are among the smartest systems in the world. The fines paid for violations of traffic laws are expensive, and since people here love to drive fast, traffic fines contribute very well to the government funding. Besides traffic fines, there are also other fines imposed on people who overextend their stay in the United Arab Emirates beyond the expiry the date of their resident visa. Furthermore, Abu Dhabi, Dubai, and Sharjah have metered parking slots everywhere, the amount you pay per hour is different from one city to another, and if someone parks his/her car without paying for the right amount of hours of his/her parking stay, he/she will be fined accordingly.
@@rylandrc thanks!
Yes of course we have lots of things we need to pay for. Nobody lives on charity :) Nothing is for free.
Yes, I agree some of the fines are quite high. I got traffic fines, mamma mia was painful to pay :)
Still on the other hand, I had money aside because 100% of my income is mine.
I lived in Denmark, food, electricity, basic living costs were more than expensive than in Dubai, next to the 50% taxes. Security, cleanliness a real disaster over there. I can't go alone as women in some districts. Here I can go out any time, I am safe AND I am not paying taxes.
I was just wondering if every country would have their own benefits to generate money for their own country and charge no taxes or just a bit?
Beside oil, there is much more which a country could use to live of...
I definitely think that the UAE is setting an example that leaders should have a vision and do not penalize those who can make the money, but grating opportunities for those who can make economy flourishing.