UAE excels in key global competitiveness metrics – MENAFN.COM

UAE excels in key global competitiveness metrics – MENAFN.COM

(MENAFN - Khaleej Times) The UAE has excelled in several global competitiveness metrics related to finance and taxes, according to various agencies specialising in assessing competitiveness. The Emirates ranked among the top 10 countries in 28 competitiveness indexes related to finance and taxes, according to a report by the Federal Competitiveness and Statistics Centre (FCSC). To make the report, the FCSC has weighed the rankings of the IMD World Competitiveness Yearbook, the Legatum Prosperity Index, the World Economic Forum's Travel and Tourism Competitiveness Report, the Global Talent Competitiveness Index and Global Competitiveness Index 4. 0. Recently, the UAE was ranked No. 1 overall as the most competitive emerging market in the GCC, according to the annual Agility Emerging Markets Logistics Index. It also topped all three individual sub-indices in the region. According to the FCSC report, the UAE was ranked first in the Real Personal Taxes Index, the Collected Personal Income Taxes Index, the Low Tax Evasion Rate Index, the Collected Indirect Tax Revenues Index, the Lack of Wastefulness in Government Spending Index and the Best Time to File Tax Returns Index. The UAE was also ranked second globally in the areas of corporate tax collection, real increase in government