Tag: Philippe Dauba Pantanacce
New Salik tolls could be key source of cash for Dubai
Philippe Dauba Pantanacce, senior economist at Standard Chartered Bank, said the road tolls formed a vital part of government cashflow. “Salik is an indirect tax through a toll system and in a country where there is no direct taxation, except in a few circumstances, any source of revenue is better than nothing,” he told Arabian Business. “It is also much more reliable than hydrocarbon revenues for example.
