Dubai - World Business Leader

According to recent ratings by Forbes Global, Dubai tops the Employee Happiness Index which is based on the net cash compensation an employee earns. However, when it comes to Misery Reform Index, it comes right at the bottom of the list. This index is calculated on the total amount of tax levied. In other words, the indices are based on a comparison of the tax load on businessmen, executives and their staff. The ratings reveal the fact that Dubai is the best business hub in the world, according to Gulf News. The survey was undertaken across 50 major business cities across the globe.
According to the reports, this year Dubai has overtaken the global low-tax leader Hong Kong. It probably levies the lowest tax on income as compared to the rest of the world. The strategic location of the UAE has had a major role to play herein. At a critical juncture between Europe, Africa and the Middle East, it provides social security, political stability and economic success. In recent years, Dubai’s economy has experienced an upward trend beyond the oil and petroleum industry. The government is constantly coming up with policies that encourage international investment in a number of other industries.
France tops the misery index with a score of 174.8, followed by Belgium (158.1) and Sweden (149.7), whereas UAE comes last in the row with a score of 18.0. On the other hand, the Happiness Index listings are sub-categorized according to the marital status and salary brackets of employees. In each of the sub-categories, UAE has grabbed the ace position. The implications are clear, for a career move largely depends upon the actual pay one is getting in hand. According to the indices, one could very well earn twice as much in Dubai as compared to other business centres across the world.