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In the past few years, the United Arab Emirates has been attracting more and more people's interest especially, but not only, thanks to its attractive tax policy.
Strategic geographical situation, significant economic development, support to companies and business opportunities... in no time, the country has managed to impose itself as one of the main commercial and tourist poles in the world.
In our writing, Dubaï, the "city of opportunities", will be our main interest for its entrepreneurial climate and the reasons mentioned above: the place has everything to attract a Belgian company that wants to establish itself abroad.
However, it is essential not to be blinded by the attractive tax policy and to ask ourselves the proper questions about setting up abroad.
What are the procedures and regulations for establishing a business abroad?
How will the company be taxed? Is the country's tax system as interesting as it seems?
Furthermore, it is necessary to consider the reasons for and the impact of the several new regulations: the UAE tax landscape being very dynamic, it is necessary to be prepared for changes and to remain flexible.
Also, what will be the tax and non-tax impact on the Belgian parent company, depending on whether it sets up as a subsidiary or a permanent establishment? Which option is the most interesting?
Through this paper, although not being an exact science and providing recommendations, we will try to guide a Belgian company wishing to undertake a process of establishment in Dubai, and to provide all the necessary keys in order to face both the current situation, as well as the many upcoming evolutions.

Dubai --- UAE --- establishment --- corporate taxation --- permanent establishment --- subsidiary --- Droit, criminologie & sciences politiques > Droit fiscal

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The policy paper Corporate Taxation in the Global Economy stresses the need to maintain and build on the progress in international cooperation on tax matters that has been achieved in recent years, and in some respects now appears under stress. With special attention to the circumstances of developing countries, the paper identifies and discusses various options currently under discussion for the international tax system to ensure that countries, and in particular low-income countries, can continue to collect corporate tax revenues from multinational activities.

United States --- Public Finance --- Taxation --- Corporate Taxation --- International Taxation --- Business Taxes and Subsidies --- Taxation, Subsidies, and Revenue: General --- Public finance & taxation --- Corporate & business tax --- Value-added tax --- Corporate income tax --- Formula apportionment --- Revenue administration --- Double taxation --- Spendings tax --- Corporations --- Revenue

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The structure of Japan's corporate income tax system is broadly in line with those of other G7 countries. However, relatively high marginal and average effective tax rates prompt the question of whether adjustments should be considered to meet the objectives of promoting growth, investment and competitiveness in a revenue neutral manner. This paper discusses key issues and trade-off's related to changes in the corporate income tax system. It does not provide recommendations, but raises issues that could hopefully serve as useful inputs to the ongoing discussion and tax debate in Japan.

Corporations --- Taxation --- Investments: General --- Public Finance --- Corporate Taxation --- Business Taxes and Subsidies --- Taxation, Subsidies, and Revenue: General --- Investment --- Capital --- Intangible Capital --- Capacity --- Corporate & business tax --- Public finance & taxation --- Macroeconomics --- Corporate income tax --- Corporate taxes --- Average effective tax rate --- Depreciation --- Revenue administration --- Taxes --- Marginal effective tax rate --- Tax policy --- National accounts --- Tax administration and procedure --- Saving and investment --- Revenue --- Income tax --- Japan

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The cash-flow tax has been proposed as an alternative to corporate income tax on grounds of clarity and simplicity in defining the tax base in the face of widespread departures from the comprehensive income tax in actual practice. Variants of the tax, with their advantages and disadvantages, demonstrate that it would require careful design. Simplicity is not an obvious property because of expectable administration problems related to tax avoidance and evasion through transfer pricing; to inflation adjustments; and to incompatibility with existing international tax regimes. Thus, the tax remains theoretically attractive but difficult to implement by a single--especially developing--country.

Personal Finance -Taxation --- Taxation --- Corporate Taxation --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Business Taxes and Subsidies --- International Fiscal Issues --- International Public Goods --- Taxation, Subsidies, and Revenue: General --- Public finance & taxation --- Corporate & business tax --- Income tax systems --- Income and capital gains taxes --- Corporate income tax --- Tax allowances --- Cash-flow tax --- Taxes --- Income tax --- Corporations --- United States

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This paper highlights key macroeconomic issues related to VAT harmonization. A model is developed which emphasizes the effects of changes in the time profile of various taxes on international behavior. Dynamic simulations reveal that the macroeconomic and welfare implications of VAT harmonization, including conflicts of interest, depend critically on the tax system and the degree of substitution governing temporal and intertemporal allocations. We also demonstrate that the effects of revenue-neutral tax conversions between income and consumption tax systems undertaken by a single country depend critically on international differences in behavior.

Business Taxes and Subsidies --- Cash-flow tax --- Consumption taxes --- Consumption --- Corporate & business tax --- Corporate Taxation --- Corporations --- Economics --- Income tax systems --- Income tax --- Macroeconomics --- Macroeconomics: Consumption --- National accounts --- Public finance & taxation --- Public Finance --- Revenue administration --- Revenue --- Saving --- Spendings tax --- Taxation --- Taxation, Subsidies, and Revenue: General --- Taxes --- Value-added tax --- Wealth --- United Kingdom