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Saudi Arabia Taxes

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January 6, 1988 | Associated Press
King Fahd canceled a plan Tuesday that would have dimmed his realm's luster for foreigners by taking away up to 30% of their untaxed, and often fat, paychecks. Many in the large foreign colony, which includes 30,000 Americans, had thought seriously of leaving since the plan for taxing foreigners was announced Sunday. On Tuesday, the official Saudi Press Agency, quoting an unidentified "responsible source," said the king decided that the income tax "was shown to need revision."
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BUSINESS
January 6, 1988 | Associated Press
King Fahd canceled a plan Tuesday that would have dimmed his realm's luster for foreigners by taking away up to 30% of their untaxed, and often fat, paychecks. Many in the large foreign colony, which includes 30,000 Americans, had thought seriously of leaving since the plan for taxing foreigners was announced Sunday. On Tuesday, the official Saudi Press Agency, quoting an unidentified "responsible source," said the king decided that the income tax "was shown to need revision."
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