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Acasa => Coronavirus COVID-19 => ‘It looked like Black Friday’: Saudis stockpiled ahead of VAT increase, but ‘triple whammy’ is hitting kingdom’s economy

‘It looked like Black Friday’: Saudis stockpiled ahead of VAT increase, but ‘triple whammy’ is hitting kingdom’s economy

A 10% sales tax hike „is virtually unprecedented anywhere in the world,” one economist warned.

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