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Originally Posted by EiregoSod";p="
not wrong. I didn't say that oil was the reason for Dubai's growth rate. But Dubai doesn't need high rates of tax because they have lots of oil wealth.
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BUT THE GROWTH THAT'S OCCURING OUTSIDE OF THE OIL INDUSTRY IS OCCURING DUE TO NO INCOME OR BUSINESS TAXES. Otherwise, the other middle eastern countries would experience the same growth rates.
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Besides all that money that is coming into Dubai is leaving Dubai. Its a money laundering scheme for corporations.
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Problem is - you have to be able to prove that and show that it is impacting the figures. Produce and present your evidence from an unbiased source.
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We do the same scam here in Ireland. Its called international cute-hoorism. Its all about smaller countries taking a few crumbs for themselves while pretending to rise into economic superpowers.
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Taxation is the scam. Fiat currency and central banking are two other scams that governments love to run.