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EU adds Oman and UAE to tax haven blacklist

The European Union added the UAE and Oman to its blacklist of ‘non-cooperative jurisdictions for tax purposes’” on 12 March. The decision is a setback for the UAE, which had been included in the original list issued in December 2017 but which then successfully lobbied to be taken off the list the following month.Announcing its latest decision, the EU said the UAE “facilitates offshore structures and arrangements aimed at attracting profits without real economic substance and has not yet resolved this issue.”

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