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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

UAE tax treaties on the rise

Posted on 04 December 2012

The number of double taxation treaties signed between the UAE and other countries has surged by more than 40 per cent in the past four years, and tax experts expect the trend to continue. Tax matters are growing in importance for regional sovereign wealth funds that deploy billions of dollars overseas in typically long-term investments that by their nature carry future taxation-related risk.
“As sovereign wealth funds want to expand to other places around the globe they need to have some certainty as to what the tax rules are between the two countries,” said Greg Wiebe, the global head of tax at KPMG………………………………………..Full Article: Source


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