An Arab country in the biggest corporate tax havens

The UAE, which attracts the world’s richest, has become one of the fastest growing tax havens for businesses, and a study released today Tuesday showed more than $ 218 billion has poured in in the Arab country.

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The Tax Justice Network, a British non-governmental organization, published a study showing the most important jurisdictions that businesses use to reduce their taxes.

The Tax Justice Network Index, which highlights which countries attract companies to lower their tax bills, added the UAE to its top ten classification as tax havens.

The study says the UAE has joined the list of top ten countries, after multinational companies redirected more than $ 218 billion in foreign investment to the UAE to save taxes.

According to the classification, reported by “Reuters”, the British Virgin Islands came first, followed by the Cayman Islands, then Bermuda, in the Netherlands.

Source: Reuters

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