EU bullying UAE

[Candoit]

My opinion and foresight:

The EU fears UAE as taking too much Euros capital flight as it keeps raising taxes to death due to aging and deficits. So if I look ahead 5-10 I think they would have tamed UAE to take them off the FATCA grey list and no hideouts (eg persuading UAE to have 15% Corp tax) so I'm guessing it's not worth setting up a brand new structure there?

 

[HoneyBoo]

The EU can't really pressure UAE, most EU brands and companies depend on UAE : luxury brands, cars, food and more.
UAE exports mostly Gold, Crude Oil and natural resources and EU can't even find suppliers right now.

FATCA on the other hand is related to the US and no oil country will f**k with America.

 

[Fred]

UAE will remain doing a balancing act like they do already since a long time ago.

They did handle a lot of stuff very well in the past - not only the classic Offshore Company / Offshore Banking Sector but even the Corona Crisis or the latest War and Inflation Crisis due to AED pegg to the USD.

Now they satisfy with the 9% CT on a global stage but taking a closer look you can still structure 0% Tax. Especially Dubai gets each year more and more substance and grows - can't be compared with just some island.

Casino's will come up sooner then later again in the UAE and give another boost to the economy.

Interesting times ahead for the next 10 years.

Toggle signature

 

[JackAlabama]

Fred said:
UAE will remain doing a balancing act like they do already since a long time ago.

They did handle a lot of stuff very well in the past - not only the classic Offshore Company / Offshore Banking Sector but even the Corona Crisis or the latest War and Inflation Crisis due to AED pegg to the USD.

Now they satisfy with the 9% CT on a global stage but taking a closer look you can still structure 0% Tax. Especially Dubai gets each year more and more substance and grows - can't be compared with just some island.

Casino's will come up sooner then later again in the UAE and give another boost to the economy.

Interesting times ahead for the next 10 years.
Click to expand...

Yah, overall very smart moves.

With the casino move, they take over some market share from Macao which is effectively closed to much of the world for a long time already right now and still is as of today (and we could assume is gone for good for some time to come).
No other big casino places are left except USA, which has visa difficulties for many which is not an issue in Dubai/UAE. EU has similar limitations as US or even worse.
Panama would be a semi-acceptable location for Casino and very open as far as visa are concerned, but cannot compare otherwise with UAE.

 

[backpacker]

JackAlabama said:
With the casino move, they take over some market share from Macao which is effectively closed to much of the world for a long time already right now and still is as of today (and we could assume is gone for good for some time to come).
Click to expand...

Only a tiny part they will get from there.
Most of what has been lost in Macao is now in the Philippines. Bigger-brighter-cheaper compared to Macao.

 

[JackAlabama]

backpacker said:
Only a tiny part they will get from there.
Most of what has been lost in Macao is now in the Philippines. Bigger-brighter-cheaper compared to Macao.
Click to expand...

Philippines is by no and any means even comparable to UAE let alone Dubai.
We're talking here about a factor of not even a 10x but a 100x.

 

[Rick Ross 305]

http://wam.ae/en/details/1395303071051

 

[backpacker]

JackAlabama said:
Philippines is by no and any means even comparable to UAE let alone Dubai.
We're talking here about a factor of not even a 10x but a 100x.
Click to expand...

I am talking about Casinos, nothing else.
Furthermore, my post says "... compared to Macao." !!

Last edited: Aug 1, 2022

 

[hernanday]

menzu said:
The EU can't really pressure UAE, most EU brands and companies depend on UAE : luxury brands, cars, food and more.
UAE exports mostly Gold, Crude Oil and natural resources and EU can't even find suppliers right now.

FATCA on the other hand is related to the US and no oil country will **** with America.
Click to expand...

UAE and the entire GCC has already bent over to EU thugs on 15% corporate tax, the region is ruined.

 

[Marzio]

hernanday said:
UAE and the entire GCC has already bent over to EU thugs on 15% corporate tax, the region is ruined.
Click to expand...

Well if freezone companies will continue to enjoy 0% CIT who cares?