The EU Commission headquarters in Brussels. Reuters
The EU Commission headquarters in Brussels. Reuters

UAE 'regrets' decision by European Union to include it in list of non-co-operative tax jurisdictions



The UAE said on Tuesday that it regrets the European Union's decision to re-include it in its blacklist of non-co-operative tax jurisdictions.

EU Finance Ministers updated the list after screening 92 countries based on tax transparency, good governance, real economic activity and the existence of a zero corporate tax rate.

Fifteen countries were blacklisted on Tuesday. Among them were American Samoa, Guam, Samoa, Trinidad and Tobago, and the US Virgin Islands, which "have taken no commitments since the first blacklist adopted in 2017", the EU said.

The UAE had been moved to "grey list" status last year after commitments it made towards transparency in tax procedures.

Its re-inclusion was made "despite the UAE's close co-operation with the EU on this issue and continuing efforts to fulfil all of the EU's requirements", according to a statement on Wam.

According to the EU's procedures, a letter will now be sent to all jurisdictions on its list explaining the decision and what they can do to be delisted.

The UAE said it "remains firmly committed to its long-standing policy of meeting the highest international standards on taxation, including the OECD’s requirements, and will continue to update its domestic legislative framework in this regard".

It also said it has also shared with the EU a detailed timeline of actions currently being implemented "in accordance with its sovereign legal process and constitutional requirements".

The EU said on Tuesday that its tax haven blacklist screening process will be extended to include the G20 countries Russia, Mexico and Argentina.

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Starring: Olivia Colman, Jessie Buckley, Dakota Johnson

Rating: 4/5

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The Farewell

Director: Lulu Wang

Stars: Awkwafina, Zhao Shuzhen, Diana Lin, Tzi Ma

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Our family matters legal consultant

 

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

Company Profile

Company name: Fine Diner

Started: March, 2020

Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka

Based: Dubai

Industry: Technology and food delivery

Initial investment: Dh75,000

Investor: Dtec Startupbootcamp

Future plan: Looking to raise $400,000

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MATCH INFO

Euro 2020 qualifier

Russia v Scotland, Thursday, 10.45pm (UAE)

TV: Match on BeIN Sports 

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
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* Second leg in Australia scheduled for October 10

A timeline of the Historical Dictionary of the Arabic Language
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Farasan Boat: 128km Away from Anchorage

Director: Mowaffaq Alobaid 

Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani

Rating: 4/5

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SHOW COURTS ORDER OF PLAY

Wimbledon order of play on Saturday, July 8
All times UAE ( 4 GMT)

Centre Court (4pm)
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Ernests Gulbis v Novak Djokovic (2)
Mischa Zverev (27) v Roger Federer (3)

Court 1 (4pm)
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Court 2 (2.30pm)
Sorana Cirstea v Garbine Muguruza (14)
To finish: Sam Querrey (24) leads Jo-Wilfried Tsonga (12) 6-2, 3-6, 7-6, 1-6, 6-5
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Court 3 (2.30pm)
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David Ferrer v Tomas Berdych (11)

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Court 18 (2.30pm)
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Petra Martic v Zarina Diyas

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Terminal High Altitude Area Defense (THAAD)

What is THAAD?

It is considered to be the US' most superior missile defence system.

Production:

It was first created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out projectiles, namely ballistic missiles, as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles both inside and outside of the Earth's atmosphere, at an altitude of 93 miles above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then deployed them in 2016, becoming the first Gulf country to do so.

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Scoreline

UAE 2-1 Saudi Arabia

UAE Mabkhout 21’, Khalil 59’

Saudi Al Abed (pen) 20’

Man of the match Ahmed Khalil (UAE)