Saudi Deputy Crown Prince to fight corruption
Deputy Crown Prince HH Mohammed Bin Salman Al Saud says no to income tax and yes to subsidies as he acknowledges the challenge of corruption in Saudi Arabia
Deputy Crown Prince and Minister of Defense of Saudi Arabia, HH Mohammed Bin Salman Al Saud, acknowledged that corruption is a key challenge in the Kingdom.
Consequently, streamlining government operations will be significantly helpful for the Kingdom to eradicate corruption, which "is one of our main challenges", the Minister told New York Times.
Furthermore, he recommended phasing out subsidies and increasing domestic prices in a bid to improve the Kingdom's nuclear and solar power generation capacities.
It will crucially contribute to Saudi's export volumes, which typically run the risk of over-consumption at home.
Commenting on the likelihood of implementing income tax in the country, he said: “Our society does not accept taxes; [citizens] are not used to them."