This assignment about a case study regarding Saudi Arabia so it’s very important to read about Saudi Arabia before you answer it· All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
·The Assignment must be submitted only in WORD format via allocated folder.
1: What should be taxed – Personal Income or Personal Consumption and why? Provide your opinion based on the case. (200 words) [1.5 Marks]
2: How may it affect Saudi Economy if an income tax is imposed in KSA?
(200 words) [1.5 Marks]
Q2: Saudi Arabia’s Ministry of Human Resources recently announced an increase to the monthly minimum wage from 3000 SAR to 4000 SAR for full-time Saudi workers in April 2021, and introduced a Labor Reform Initiative (LRI) scheduled to take effect on 14th March 2021. [2 Marks]
a.Discuss the implications of the above topic.
b.Will this impact unemployment in the country? How?