Economics
U.A.E. Regrets Inclusion on EU Blacklist of Tax Hideouts
- Arab economy joins 15 jurisdictions including Oman, Bermuda
- Inclusion to create more scrutiny of U.A.E. firms, residents
A man looks out from the Dubai Creek Habour Development towards the Burj Khalifa tower, center, and other skyscrapers in Dubai.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
The United Arab Emirates said it “regrets” being included in the European Union’s list of alleged tax havens.
The Arab world’s second-largest economy was blacklisted despite its efforts to stay out of the group of 15 jurisdictions including neighboring Oman and small island nations. Its request for additional time to implement tax reforms was rejected.