What are the tax developments that affect wealthy clients in GCC today? - Kimberley Wilks

Kimberley Wilks of PwC

Feb 18, 2019

Kimberley Wilks, Senior Manager, Tax - Consulting Services at PwC discussed what tax developments are affecting wealthy clients in GCC today.

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1. What are the tax developments that affect wealthy clients in GCC today?

Video transcript

1. What are the tax developments that affect wealthy clients in GCC today?

I think one of the most interesting developments for clients in the GCC, from a tax perspective, is possibly the introduction of increased transparency measures. We’ve seen a whole raft of legislation come in across the globe, with the intent of reducing tax avoidance and increasing transparency, and the by-product of that, for clients, has been a decrease in privacy. I think this has been really interesting for the clients, because they’re now having to consider their privacy, consider who’s got access to their information, and then off the back of that, consider whether they’re actually complying with the obligations that they have under tax legislation in the various countries.

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