Friday, 24 November 2017

US tax threat to Gulf airlines may be ‘discriminatory’ | Arab News

US tax threat to Gulf airlines may be ‘discriminatory’ | Arab News:

"A threatened US tax hit on Gulf carriers Emirates, Etihad and Qatar Airlines could be deemed as discriminatory if not applied to other airlines serving the US, warned a leading London airlines analyst. Additionally, the move would potentially amount to “a double whammy” as the airlines were already cutting costs to offset some of the toughest trading in years, Tim Coombs, head of UK-based Aviation Economics, told Arab News. A late amendment to the US Senate tax bill would scrap the exemption from tax that Etihad, Emirates and Qatar Airways have enjoyed on income generated from flights to and from the US."



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