United Arab Emirates

(Draft Bill)

United Arab Emirates to join the EU

Constitutional monarchy with a Dhs100 billion yearly sovereign grant (50% to House of Nahyan and 10% each to other tribes)

Dhs14,000 monthly Universal Basic Income per citizen under a Dhs134,400 yearly income

Universal Basic Income for under age 16 is paid to legal guardians

Dhs100 an hour minimum wage (including gig work)

20% consolidated flat tax over Dhs48,000 a year (with double taxation)

20% corporate tax on profits

20% value added tax tax on each stage of sale (paid quarterly)

20% value added tax on imports

VAT tax registration over Dhs48,000 a year

Sole trader registration over Dhs48,000 a year

Recreational drugs are decriminalized

Estimated Revenue: Dhs500 billion a year (Dhs10 billion surplus a year)