Friday 6 November 2009

Tax inevitable to meet Bahrain's expenditure

The continuing run down of Bahrain's oil and gas reserves means that sooner or later the government will have to levy taxes in the country.

Taxation, at some time in the future, is inevitable to meet the level of government expenditure according to the Bahrain Chamber of Commerce and Industry (BCCI) chairman Dr Essam Fakhro.

At a breakfast meeting of the Australian Business Group at the Ritz-Carlton Bahrain Hotel and Spa, Dr Fakhro gave an hour-long talk to more than 80 delegates about the growth and development of both Bahrain and the BCCI pointing out the changes that had been achieved over the years.

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