Question

examples in United Arab Emirate referring the distribution and redistribution of income??

Answer 1

Answer:
Distribution of income and redistribution of income in United Arab Emirate is done in following ways:

• The UAE is one of the richest country in the world with per capita income of $48,500 in terms of purchasing power parity
• But this wealth is distributed vastly unequally between different emirates and among various population group.
• Most of the country's wealth is concentrated in Abu Dhabi and Dubai.
• Even though difference of income exist most people live relatively well and has access to free public services such as health care, social security, water and electricity.
• The UAE does not impose income tax on individual which is one of the reason of income inequality among the population.
• But UAE have corporate tax on oil companies and foreign banks. Even Value added tax is removed from most of the essential goods and services.

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