Why the UAE is introducing corporate tax

The UAE’s introduction of corporate tax will ensure that it is not used as a jurisdiction to “move profits” from other higher taxed markets, according to a lawyer in Dubai.
“Historically, the UAE was blacklisted by the European Union, because they were trying to ensure that the Emirates are not used as a jurisdiction where companies are artificially shifting profits,” according to Shiraz Khan, head of tax at law firm Al Tamimi & Company.