How EU tax crackdown will affect UAE, Bahrain and Tunisia | Arab News:
"Arab News has established how sanctions will affect Bahrain, the UAE and Tunisia as part of an EU crackdown on tax avoidance.
The main weapon will be funding restrictions to be imposed by the European Fund for Sustainable Development (EFSD), the European Fund for Strategic Investment (EFSI) and the External Lending Mandate (ELM).
Direct funding for projects on the ground in those countries — already subject to checks before loans are released – will not be affected."
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