Under the UAE law, all entities within the UAE are required to comply with the US-UAE IGA, and the entities can be classified into (i) Financial Institutions (FIs); .
Usually, depository institutions like banks, custodial institutions like mutual funds, investment entities like hedge funds or private equity funds, and certain type.
The US, the Philippines, North Korea, Libya and Eritrea are some of the countries which charge a tax on the global revenue of their citizens and residents