UAE ‘disappointed’ over inclusion in EU tax blacklist
ABU DHABI – Agence France-Presse
“We remain fully committed to maintaining the highest international standards of financial oversight and tax regulation and will continue to work with our international partners to deliver this,” the finance ministry said in a statement.
The list of non-EU states was unveiled on Dec 5, a year after the leak of the “Panama Papers” -- a massive amount of data from a prominent Panamanian law firm showing how the world’s wealthy stash their assets.
“We have committed to a reform process which will be finalised by October 2018, and we are absolutely confident this will ensure the UAE is swiftly removed from the list,” Khouri said.
The ministry also insisted that it has drafted, legislated and implemented significant reforms to ensure that “we remain in lock-step with our OECD partners and international best practice.”