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UAE official says new corporate tax 'entrepreneur friendly'

Minister says tax will be offset by reduced business fees at event hosted by the DC-based Atlantic Council.
Dubai skyline

An official from the United Arab Emirates said today that the Gulf state’s new business tax will help entrepreneurs. 

The Emirati minister for entrepreneurship said that the UAE government will reduce fees ahead of introducing a tax on business profit, which will help startups as well as small and midsize businesses. 

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