UAE financial advisory firm calls for “Global Citizen Tax” to fund refugee crisis

Monday, 14 September 2015 16:21

UAE financial advisory firm, Arton Capital, has called for a “Global Citizen Tax” to be implemented to fund the current refugee crisis. They have called on the European Union to institute a levy on foreign investors as part of their residence and citizenship programs. The firm says the proposed tax could raise in excess of AED 1 billion within 18 months, and up to AED 4 billion in the next five years. Armand Arton, CEO of Arton Capital, shares if investors would be happy with this additional tax.

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