Identifier
Created
Classification
Origin
03ABUDHABI2161
2003-05-04 09:34:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Abu Dhabi
Cable title:
UAEG SIGNS DOUBLE TAXATION AGREEMENTS WITH 65
how-tonull Diana T Fritz 05/24/2007 04:22:54 PM From DB/Inbox: Search Results Cable Text: UNCLASSIFIED SIPDIS TELEGRAM May 04, 2003 To: No Action Addressee Action: Unknown From: AMEMBASSY ABU DHABI (ABU DHABI 2161 - ROUTINE) TAGS: ECIN, EFIN, ELAB, ETTC, PREL, PGOV Captions: None Subject: UAEG SIGNS DOUBLE TAXATION AGREEMENTS WITH 65 COUNTRIES; SEEKS TREATY WITH USG Ref: None _________________________________________________________________ UNCLAS ABU DHABI 02161 SIPDIS CXABU: ACTION: ECON INFO: P/M AMB DCM POL Laser1: INFO: FCS DISSEMINATION: ECON CHARGE: PROG APPROVED: DCM: RALBRIGHT DRAFTED: ECON: CCRUMPLER CLEARED: ECON: TWILLIAMS VZCZCADI214 RR RUEHC RUEHZM RUEATRS RUEAWJA RUEHTU DE RUEHAD #2161 1240934 ZNR UUUUU ZZH R 040934Z MAY 03 FM AMEMBASSY ABU DHABI TO RUEHC/SECSTATE WASHDC 9777 INFO RUEHZM/GCC COLLECTIVE RUEATRS/TREASURY DEPT WASHDC RUEAWJA/DOJ WASHDC RUEHTU/AMEMBASSY TUNIS 0507
UNCLAS ABU DHABI 002161
SIPDIS
DEPT FOR NEA, NEA/ARP - JONES AND HEFFERNAN
TREASURY FOR OFFICE OF INTERNATIONAL TAX COUNSEL - ANGUS,
AND INTERNATIONAL TAX DIVISION - RANDOLPH
AMEMBASSY TUNIS HOLD FSI FOR OLIVER JOHN
SENSITIVE
E.O. 12958: N/A
TAGS: ECIN EFIN ELAB ETTC PREL PGOV TC
SUBJECT: UAEG SIGNS DOUBLE TAXATION AGREEMENTS WITH 65
COUNTRIES; SEEKS TREATY WITH USG
REF: 02 STATE 16509
UNCLAS ABU DHABI 002161
SIPDIS
DEPT FOR NEA, NEA/ARP - JONES AND HEFFERNAN
TREASURY FOR OFFICE OF INTERNATIONAL TAX COUNSEL - ANGUS,
AND INTERNATIONAL TAX DIVISION - RANDOLPH
AMEMBASSY TUNIS HOLD FSI FOR OLIVER JOHN
SENSITIVE
E.O. 12958: N/A
TAGS: ECIN EFIN ELAB ETTC PREL PGOV TC
SUBJECT: UAEG SIGNS DOUBLE TAXATION AGREEMENTS WITH 65
COUNTRIES; SEEKS TREATY WITH USG
REF: 02 STATE 16509
1. (U) ADDRESSING A SEMINAR ON LEGAL AND TAX ISSUES
RELATING TO FOREIGN INVESTMENT ON 5/4, UAE MINISTRY OF
FINANCE UNDERSECRETARY FOR BUDGET AND REVENUE KHALID AL-
BUSTANI CONFIRMED THAT THE UAEG HAS SIGNED BILATERAL
AGREEMENTS WITH 65 COUNTRIES ON AVOIDANCE OF DOUBLE TAXATION
AND INCOME TAX. THESE COUNTRIES INCLUDE A NUMBER OF
EUROPEAN UNION NATIONS, CANADA, INDIA, AND OTHER MAJOR
TRADING PARTNERS. HE NOTED THAT THE UAEG HAD NOT/NOT
CONCLUDED A DOUBLE TAXATION TREATY WITH THE UNITED STATES,
BUT SUCH AN AGREEMENT REMAINS A PRIORITY FOR THE UAEG.
2. (U) AL-BUSTANI HIGHLIGHTED THE UAE'S DOUBLE TAXATION
AGREEMENT WITH GERMANY, IN PARTICULAR, WHICH WAS SIGNED IN
1996 AND APPLIED RETROACTIVELY FROM 1992. HE SAID THAT THE
TAX SITUATION OF UAE INVESTORS IN GERMANY HAS IMPROVED
CONSIDERABLY -- PREFERENTIAL TREATMENT ON DIVIDENDS IS
LIMITED TO 5 PERCENT AND REQUIRED TAX WITHHOLDINGS HAVE BEEN
REDUCED TO ZERO. A REPRESENTATIVE FROM THE GERMAN EMBASSY
NOTED THAT HIS COUNTRY HAS BENEFITED FROM THE INCREASE IN
UAE INVESTMENT IN GERMANY SINCE THE CONCLUSION OF THE DOUBLE
TAXATION AGREEMENT.
3. (SBU) COMMENT: UAEG OFFICIALS HAVE ASKED TIME AND AGAIN
FOR A MEETING TO DISCUSS THE MODALITIES OF CONCLUDING A
DOUBLE TAXATION AGREEMENT WITH THE USG. SUCH A TREATY IS A
HIGH-PRIORITY FOR THE UAEG, AND WAS RAISED WITH ASSISTANT
SECRETARY FOR ECONOMIC AFFAIRS TONY WAYNE AT THE FIRST
SIPDIS
U.S.-UAE STRATEGIC DIALOGUE IN DECEMBER (SEE REF). WE WOULD
APPRECIATE GUIDANCE FROM TREASURY'S OFFICE OF INTERNATIONAL
TAX COUNSEL AS TO WHETHER SUCH AN AGREEMENT WOULD BE
FEASIBLE, AND IF U.S. NEGOTIATORS WOULD WELCOME
CONSULTATIONS WITH UAE OFFICIALS IN WASHINGTON TO DISCUSS
THE MATTER FURTHER. END COMMENT.
WAHBA
SIPDIS
DEPT FOR NEA, NEA/ARP - JONES AND HEFFERNAN
TREASURY FOR OFFICE OF INTERNATIONAL TAX COUNSEL - ANGUS,
AND INTERNATIONAL TAX DIVISION - RANDOLPH
AMEMBASSY TUNIS HOLD FSI FOR OLIVER JOHN
SENSITIVE
E.O. 12958: N/A
TAGS: ECIN EFIN ELAB ETTC PREL PGOV TC
SUBJECT: UAEG SIGNS DOUBLE TAXATION AGREEMENTS WITH 65
COUNTRIES; SEEKS TREATY WITH USG
REF: 02 STATE 16509
1. (U) ADDRESSING A SEMINAR ON LEGAL AND TAX ISSUES
RELATING TO FOREIGN INVESTMENT ON 5/4, UAE MINISTRY OF
FINANCE UNDERSECRETARY FOR BUDGET AND REVENUE KHALID AL-
BUSTANI CONFIRMED THAT THE UAEG HAS SIGNED BILATERAL
AGREEMENTS WITH 65 COUNTRIES ON AVOIDANCE OF DOUBLE TAXATION
AND INCOME TAX. THESE COUNTRIES INCLUDE A NUMBER OF
EUROPEAN UNION NATIONS, CANADA, INDIA, AND OTHER MAJOR
TRADING PARTNERS. HE NOTED THAT THE UAEG HAD NOT/NOT
CONCLUDED A DOUBLE TAXATION TREATY WITH THE UNITED STATES,
BUT SUCH AN AGREEMENT REMAINS A PRIORITY FOR THE UAEG.
2. (U) AL-BUSTANI HIGHLIGHTED THE UAE'S DOUBLE TAXATION
AGREEMENT WITH GERMANY, IN PARTICULAR, WHICH WAS SIGNED IN
1996 AND APPLIED RETROACTIVELY FROM 1992. HE SAID THAT THE
TAX SITUATION OF UAE INVESTORS IN GERMANY HAS IMPROVED
CONSIDERABLY -- PREFERENTIAL TREATMENT ON DIVIDENDS IS
LIMITED TO 5 PERCENT AND REQUIRED TAX WITHHOLDINGS HAVE BEEN
REDUCED TO ZERO. A REPRESENTATIVE FROM THE GERMAN EMBASSY
NOTED THAT HIS COUNTRY HAS BENEFITED FROM THE INCREASE IN
UAE INVESTMENT IN GERMANY SINCE THE CONCLUSION OF THE DOUBLE
TAXATION AGREEMENT.
3. (SBU) COMMENT: UAEG OFFICIALS HAVE ASKED TIME AND AGAIN
FOR A MEETING TO DISCUSS THE MODALITIES OF CONCLUDING A
DOUBLE TAXATION AGREEMENT WITH THE USG. SUCH A TREATY IS A
HIGH-PRIORITY FOR THE UAEG, AND WAS RAISED WITH ASSISTANT
SECRETARY FOR ECONOMIC AFFAIRS TONY WAYNE AT THE FIRST
SIPDIS
U.S.-UAE STRATEGIC DIALOGUE IN DECEMBER (SEE REF). WE WOULD
APPRECIATE GUIDANCE FROM TREASURY'S OFFICE OF INTERNATIONAL
TAX COUNSEL AS TO WHETHER SUCH AN AGREEMENT WOULD BE
FEASIBLE, AND IF U.S. NEGOTIATORS WOULD WELCOME
CONSULTATIONS WITH UAE OFFICIALS IN WASHINGTON TO DISCUSS
THE MATTER FURTHER. END COMMENT.
WAHBA