CATEGORY: OBG CEO Surveys
With elections scheduled in Colombia, Mexico and Brazil, the coming months will be crucial for the interests of Latin America. For Mexico, 2018 was expected to be a somewhat turbulent year, but in spite of this, the business community appears more positive than ever.
As Oman looks to reforms, including taxation, to broaden its revenue base, OBG’s Business Barometer surveys the reaction of CEOs in the sultanate. Unsurprisingly, these changes have met with mixed reactions. Of the more than 170 executives surveyed, 83% said that Oman’s tax environment is competitive or very competitive on a global scale. However, nearly half expect the increase in corporate tax, from 13% to 15%, to have negative effects on local business sentiment and foreign direct investment inflows.
When I wrote about a year ago on the findings of our inaugural Oxford Business Group Business Barometer: Oman CEO Survey, I talked of the “no pain, no gain” scenario for the sultanate’s planners. Our findings back this up – if anything, more explicitly – 12 months later.