The UAE is among the top 10 countries in the world in 28 global competitiveness indexes related to finance and taxes

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14 April 2021, by ADGM's Staff Editor

As reported by WAM, the UAE is among the top ten countries in the world in 28 competitiveness indexes related to finance and taxes, including the rankings of the IMD World Competitiveness Yearbook, the Legatum Prosperity Index, the World Economic Forum's Travel and Tourism Competitiveness Report, the Global Talent Competitiveness Index and the Global Competitiveness Index 4.0.

While many countries are planning to increase taxes on personal profits and corporations, the UAE ranked first globally in terms of the lack of real personal taxes and low rates of tax evasion, which enhanced its attractiveness to foreign direct investments. The UAE was also ranked second globally in the areas of corporate tax collection, real increase in government expenditures, and collection of capital and real estate taxes, while it was ranked third in the areas of intergovernmental transfers, local central governmental debt and rate of low consumption taxes.

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