Saudi Arabia Considers Asset Sale, Income Tax amid Economic Woes: Report

Saudi Arabia Considers Asset Sale, Income Tax amid Economic Woes: Report

TEHRAN (Press Shia) - Saudi Arabia’s economic woes are such that the kingdom is said to be “considering all options” to bolster its economy, including the sale of state assets and, for the first time, to introduce income tax. - World news - As much as $13.3 billion could be raised over the next four to five years if Riyadh goes ahead with plans to privatize its assets in the education,...