The Saudi government publishes details of the decision to impose a tax on expatriate escorts in Saudi Arabia
Saudi Arabia's headline newspaper published an article by a Saudi writer, explaining the crisis that Saudi Arabia will face after a tax on accompanying expatriates, where a loss is expected in the Saudi national economy at one time, and a loss in remittances abroad.
Mohammed al-Bakr, a Saudi writer and journalist, former deputy editor-in-chief of Al-Youm newspaper, and a former sports commentator, said just before going into the core of this article about the tax imposed on expatriate escorts, I would like to ask two important questions: We are a country capable of laying off all expatriate workers and we are a developing country. Second, are we convinced that the fees that we impose on companions and their income will be greater than what the national economy will lose as a result of that decision and the resulting results? Turning the income of those labor out instead of spending it inside !?
He continued, two questions to answer them very simple, we are not in a position to dispense with expatriate workers, neither today nor tomorrow and not yet
The answer to the second question, irrespective of the numbers and the mathematical comparisons between what we will earn from remittances and what we will lose abroad, the scene in the market is sufficient to say that the decision has had great and serious effects on the sectors. Many of them, such as real estate, retail sale of luxuries and food, and that the results we see today, with the most serious consequences for many segments of citizens, especially those with middle incomes, the middle class segment, which is the most important segment in the assessment of any economy of any society.
He pointed out that if we take the real estate side, we find that many and part of them are retired women from their work by age, they wanted to improve their income by buying or building an apartment building to rent to accompanying families, either by spending what they collected
After retiring from money, or obtaining bank loans to help them realize their dream, but once the decision was implemented, the majority of these buildings became empty on their thrones because there were no tenants. As a result, these dream projects turned into nightmares that strain people and affect their lives. Each expatriate is renting an apartment for himself and his family. The apartment is enough to accommodate five or six expatriates living together, so the supply is much larger than the demand.
The retail sector was also the victim of these fees, especially the food trade, and if the major specialized companies are the biggest losers due to the exit of escorts like real estate, the middle-class investors in the field of food retail, suffered significant setbacks due to the departure of escorts. For the Kingdom, the expatriate, who used to spend three quarters of his salary in the local market, is now spending a quarter and transferring the remaining three quarters to his family abroad.
He explained that it may have offered the negative side of the decision to impose fees on escorts, but that does not mean that there is no benefit from that decision, if there were no benefits seen by the decision-making bodies, it would not have decided to do so, but as a book, we convey the suffering of the people and the problems they face, by any A decision made by any ministry.