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UAE remowed from EU tax haven list

Staff Writer | January 24, 2018
The EU on Tuesday removed the UAE and seven other jurisdictions from its list of “non-cooperative jurisdictions for tax purposes, following what it described as “commitments made at a high political level to remedy EU concerns.”
Younis Al Khoori
Finance   The full and solid commitment to transparency
“The European Union’s decision reaffirms the UAE’s full and solid commitment to transparency in tax procedures,” said Younis Al Khoori, undersecretary of the UAE’s Ministry of Finance, in a statement.

“[The decision] reflects the meticulous local and international efforts made by all stakeholders in the Emirates since the beginning of 2017 to cooperate with our European counterparts and adhere to the EU’s standards and requirements regarding the exchange of tax information.”

The Council of the European Union had placed the UAE and 16 other territories on a list of con-cooperative jurisdictions for tax purposes in early December.


 

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