Category Archives: Business

Taxes on expats may cause ‘brain drain’

Imposing tax on expatriates’ remittances and incomes, thepossibility of which is currently under study in some GCC countries, will lead to negative consequences, including “brain drain” among expatriates who constitute about 90 per cent of the total employees in the private sector in the region, International Monetary Fund. Continue reading Taxes on expats may cause ‘brain drain’

Innovation sans borders: Invest in even the stupidest idea

An ex-Apple employee who described Steve Jobs as “very difficult to work with” advised everyone to invest in even the stupidest idea. A 19-year-old who, when he was 15, discovered a cancer-detection method that would cost a patient only three cents. And an artificial intelligence system that almost instantly answers anything you throw at it.

Continue reading Innovation sans borders: Invest in even the stupidest idea