UAE Dangles Billions of Dollars Before Brazil, With One Catch - Bloomberg:
The United Arab Emirates is willing to expand its multi-billion dollar investments in Brazil as long as it’s no longer labeled a tax haven by Latin America’s largest economy.
The UAE Ambassador to Brazil, Hafsa Abdulla Al Ulama, said her country’s sovereign wealth funds are ready to boost investments in infrastructure, energy and agriculture should the nation be removed from the list.
"Our sovereign funds would like to see that there are incentives for people to come and invest", she said in an interview in Brazil’s capital city, Brasilia. "Singapore and Switzerland have been removed from the tax haven list. Why not UAE?"
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