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UAE now among world’s top 10 tax havens NGO
Published March 10, 2021 10:33am
A general view shows the area outside the Burj Khalifa, the world s tallest building, in Dubai, United Arab Emirates. The UAE was named among the top 10 tax havens in the world by Tax Justice Network. REUTERS/Tarek Fahmy/File Photo PARIS - The UAE has entered the world s top ten tax havens for the first time, research showed Tuesday, in a report flagging OECD nations and their dependencies for more than two-thirds of global corporate tax abuse . According to the research by the Tax Justice Network, the rise in the rankings came after multinationals in South Africa and the United States routed $218 billion in funds from the Netherlands into the gulf monarchy equivalent to more than half of its GDP.