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Death, taxes and fizzy drinks: The UAE introduces a sin tax

Also in the news this week, Etihad gets a new chief executive

Gulf News

DUBAI: In 1789, Benjamin Franklin wrote that “in this world nothing can be said to be certain, except death and taxes.”

This week, the residents of the UAE got a taste of that certainty, as they went to purchase their cigarettes and can of soda, only to find them both more expensive.

On today’s episode, the business team discuss the new tax, what impact it might have, how much money it’ll raise, and whether or not it’ll encourage people to live more healthy lives.

The team also talks Etihad finally appointing a new chief executive following the departure of James Hogan earlier this year. Who is he, and what is he bringing to the table?

Lastly, they discuss the current crisis in Puerto Rico, Trump’s response, and what it might mean for the markets.