Saudi Arabia Considers Tax on Expat Workers

The transcript discusses Saudi Arabia's consideration of income tax as part of a national transformation plan driven by the Deputy Crown Prince. The plan includes subsidy cuts and a reduction in the public sector wage bill. The timing of these proposals is surprising as Saudi Arabia seeks to diversify its economy away from oil dependency. Challenges for expats, such as lack of amenities and restrictions, are highlighted. The economic crisis, marked by slowing growth and falling reserves, necessitates these reforms to create jobs in other sectors.

In what ways might the proposed tax changes impact expatriates in Saudi Arabia?

What factors have contributed to the economic crisis mentioned in the text?