Positive impacts:
- The tax could make the UAE more competitive with other countries that have corporate taxes.
- The tax could generate additional revenue for the government, which could be used to fund infrastructure projects, education, and healthcare.
- The tax could encourage businesses to invest in the UAE and create jobs.
Negative impacts:
- The tax could increase the cost of doing business for some businesses.
- The tax could make the UAE less attractive to foreign investors.
- The tax could lead to job losses in some sectors of the economy.