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The UAE establishes the 60th Chapter of the International Fiscal Association

United Arab Emirates: Saturday, September 05 - 2009 @ 14:53

The Executive Committee consists of tax experts representing a wide range of economic players primarily from Abu Dhabi and Dubai. They include representatives from UAE and Multinational companies as well as Law Firms and International Accounting Firms.

“We are very encouraged by the response we have received from the fiscal community in the UAE as well as the wider GCC,”

says Howard R. Hull, Chairman of the UAE Chapter.

The IFA was established in 1938 with its headquarters in the Netherlands. It is the leading non-governmental and non-sectoral international organization dealing with fiscal matters. Membership of IFA now stands at more than 12,000 from some 100 countries, including individuals and corporations alike.

The Association comprises taxpayers, their advisers, government officials, members of the judiciary and university professors. In 60 countries IFA members have established IFA Branches.

The objectives of the IFA are the study and advancement of international and comparative law in regard to public finance, specifically international and comparative fiscal law and the financial and economic aspects of taxation.

“Whenever a UAE company or individual invests internationally, the tax consequences must be correctly managed to capture opportunities and mitigate risks. The International Fiscal Association is a platform for tax practitioners to address topical issues and latest developments in international tax law and practice,” adds Howard.

Stijn Janssen, Secretary General of the UAE Chapter says, “The chapter represents a key milestone for the local business community. While there has been no shortage of tax professionals assisting companies with their international investments, formalizing a community underlines the increasing importance of international tax issues in the eyes of the UAE business community.”

To mark its official establishment, the UAE Chapter will hold its first Roundtable Event on 25 October 2009 at the capital club in the DIFC. It will be covering subjects such as the G20 focus on tax havens, Islamic finance in international taxation, and the scope of international tax treaties in the UAE.

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Saturday, September 5- 2009 @ 14:53 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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