Dubai Ends Hefty Alcohol Tax to Boost Business and Tourism.

Dubai kicked off the new year by scrapping a 30% tax on alcohol sales and making liquor licenses free, in an apparent move to bolster its status as the Middle East's leading business and tourism hub. While taxes from alcohol sales have been an important source of revenue for Dubai's government, the impact of reducing them could be offset by a 9% federal corporate tax that's set to start in from June. [Extracted from the article]