Saudi Arabia, austerity and rising taxes


This 11 May 2020 video says about itself:

Saudi Arabia slashes budget and increases tax

Saudi Arabia has announced major budget cuts and a steep increase in value-added tax (VAT).

VAT is mainly paid by poor people, more than by Saudi royals, the Bin Laden dynasty and other rich people.

The move is aimed at shoring up state finances, which have been battered by low oil prices and the coronavirus pandemic.

Al Jazeera’s Alexi O’Brien reports.

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