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Running Head: TAXES IN SAUDI ARABIA
1
Taxes in Saudi Arabia
Student’s Name:
Instructor’s Name:
Course:
Date:
TAXES IN SAUDI ARABIA
2
Q1.
The argument that the consumption tax ought to be preferred as a substance of fairmindedness has
mostly involved a comparison of the central ideas behind the two types of taxes; income and
consumption taxes. In this context, fairness means, or at least involve distributional equity. As the
case study shows, an income tax penalizes savers and rewards spenders. On the other hand, a
consumption tax which is levied on people when they earn more or receive dividends, interest, or
capital gains is a tax that encourages saving and...