UAE Finance Ministry discusses strategic partnerships with Singapore

UAE Finance Ministry discusses strategic partnerships with Singapore

ABU DHABI - Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, yesterday held a virtual meeting with Lawrence Wong, Singapore's Minister for Education and Second Minister for Finance.The meeting, which is part of the Ministry of Finance's endeavour to deepen constructive cooperation ties with various countries of the world, discussed ways to strengthen strategic relations and partnerships between the two friendly countries, a number of issues related to the G20, and both countries' experiences in coping with the COVID-19 pandemic.The virtual meeting tackled a number of issues of common interest, including addressing the tax challenges of the digital economy within the OECD's G20 project regarding axes 1 and 2 of the international tax policies, and preventing tax Base Erosion and Profit Shifting, BEPS.The meeting also discussed the