Dubai Loses Glitter as VAT Tax Crimps Demand in City of Gold - Bloomberg

Bloomberg

Dubai Loses Glitter as VAT Tax Crimps Demand in City of Gold Bloomberg Demand for gold jewelry in the United Arab Emirates plummeted in the first quarter, and traders say they know the culprit: the value-added tax. Wholesale gold jewelry sales in Dubai, sometimes known as the City of Gold, fell 50 to 60 percent in the ... and more »

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