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 According to a new report, prepared by the World Bank Group in conjunction with Pricewaterhouse Coopers and International Finance Corporation, the tax system in United Arab Emirates is one of the most attractive for business and ranked fourth in the world.
United Arab Emirates are among the ten countries with better economies, differing in the lowest rate of Total Tax Rate (TTR). These factors attract the human resources and encourage foreign businessmen to invest in the country.
Even countries such as United Kingdom and United States of America, with the most modern tax regimes, far behind of UAE. As the degree of simplicity and low taxes, UAE ranked on the 4th place, United Kingdom - 16, and United States - 61. In the list of general tax UAE takes 6th place, UK - 67, USA - 118.
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