3Power Energy Group Inc (PSPW)

[Topfuel]

Has anyone ever researched the tax structure of Dubai, Could this be wrote off as a business expense for a Dubai company to limit Tax liability? Then why would a group invest this amount of capital?

Corporate Taxes

Company Tax
0%. There are no taxes levied by the Federal Government on income or wealth of companies and individuals.
Tax Rate For Foreign Companies
There is no difference between the residents and non-residents as far as taxation is concerned.
Capital Gains Taxation
None.
Main Allowable Deductions and Tax Credit
None
Other Corporate Taxes
None

http://www.globaltrade.net/international-trade-import-exports/f/business/United-Arab-Emirates/Taxes-and-Accounting.html###