The European Commission has ruled that Ireland must recover up to AED 52 billion in back taxes from Apple. After a three year long investigation they concluded that the US firm’s tax benefits were illegal. The Commission said Apple was coughing up substantially less than other businesses, in effect paying a corporate tax rate of 1%. Ireland has responded saying they profoundly disagree with the ruling.
UAE, Qatar sign double taxation avoidance agreement
The UAE and Qatar have signed an agreement to avoid double taxation and prevent fiscal evasion of income taxes.
UAE, South Korea formally sign CEPA agreement
The UAE and South Korea formally signed a Comprehensive Economic Partnership Agreement (CEPA) on Wednesday, aiming to expand trade and enhance cooperation in a wide array of areas from energy to supply chains.
UAE-Korea business forum shines spotlight on high-growth sectors
The UAE-Korea Business and Investment Forum was held in Seoul on Tuesday, on the sidelines of President His Highness Sheikh Mohamed bin Zayed Al Nahyan's official visit to South Korea.
Alef Education to raise up to $515 million in stock market float
Alef Education Holding plc has announced the price range for the sale of its shares and the start of the subscription period for its Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
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One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...
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The super-star and multi-award-winning singer-songwriter, Jason Derulo is bringing the heat to Dubai.
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