Savings tax ‘could spur Saudi growth and relieve deflation’

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Thu, 2019-08-29 00:25

LONDON: Higher taxes on savings could help to boost consumer spending and relieve deflationary pressures on the Saudi economy, according to a report from KPMG Al Fozan & Partners.

It is one of the potential measures to spur growth cited in the study which analyzes inflationary trends in the Kingdom dating from 1964 to the present day.

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