Monday, 27 June 2011

welfare

Both Britain and Saudi Arabia are welfare states. In Britain and Saudi Arabia any person who is not working is entitled to have a fixed sum of money from government and people who are over 60 years of age receive pension and they both provide free medical facilities.
In Britain there is a 9.1% National Insurance whilst in Saudi Arabia, where Islamic system called ‘Shariya’ is followed, there is no such thing as National Insurance and Individual Tax, instead it is Zakat which is paid once a year depending on amount of wealth an individual owns. The corporate tax is 21-28% in Britain where as its 20%-80% in Saudi Arabia.
There is no life insurance system in Saudi Arabia as well as interest of any kind does not exists whereas in Britain there is insurance for almost everything.

No comments:

Post a Comment