The Gulf Cooperation Council is planning to introduce up to 100% tax on luxury goods such as private planes, yachts, and high-end cars, reported Al Watan. Abdulaziz Al Uwaisheg, the GCC's head of studies and integration, said the council is reviewing a list of items that could be subject to the new tax from 2012. He said the list could include 'harmful items', which is a likely reference to cigarettes. The team looking into the proposed taxes will next meet in October.
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