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Tag: UAE

The Dollar Lifeline in War – Currency Swaps

I have said for years that people misunderstand the global monetary system. It is not driven by trade balances. It is driven by capital flows and access to dollar...

Macron Tells Biden to Rethink Energy Plans

French President Emmanuel Macron pulled US President Joe Biden aside at the G7 summit to explain a few basic facts. Biden has been demanding Middle Eastern nations...

UAE to Introduce Corporate Taxes

Tax havens are in short supply. The United Arab Emirates (UAE) recently announced that it will implement a new federal corporate tax on business profits. Part of...

Middle East Chaos

The Middle East has been in turmoil and Trump has stood his ground against the neo-cons. The UAE is trying to avoid involving its nation in the conflict with Iran...

United Arab Emirates to Introduce 5% VAT Thanks to IMF

The impact of the collapse in oil is having dramatic effects on taxation in the Middle East and suddenly on the issue of government debt. The UAE will implement a...