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 Dhs140,000 yearly income

Universal Basic Income is based on the previous or projected 12 months

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

Universal Basic Income is non-refundable and non-taxable

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)