Oliver Cornock: ALL BLOG POSTS
For those of us who have kept a keen eye on Saudi Arabia, the past 12 months have been about fleshing out
Vision 2030. Although elements of the strategy are still works in progress, the results of Oxford Business Group’s Business Barometer: Saudi Arabia CEO Survey show that 72% of CEOs think collaboration between the private and public sectors is either improving or definitely improving, a sign that the long state-dominated economy is poised for transformation. Respondents are also confident in the prospects of sectors targeted in the plans, with tourism standing out as most likely to drive growth in the short to medium term.
Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice
of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special
tax incentives aimed at capturing investment have emerged, further reducing the effective rates paid by transnational corporations.
