The United Arab Emirates has slammed a European Union decision to add it to a tax haven blacklist despite the Gulf state's efforts to meet EU requirements, Daily Mail reported.
The UAE was one of 10 more countries which the EU on Tuesday put on the list, created in 2017 as part of efforts to battle tax evasion by the wealthy.
"This inclusion was made despite the UAE's close cooperation with the EU on this issue and ongoing efforts to fulfil all the EU's requirements," said an official statement cited by state news agency WAM late Tuesday.
"The UAE remains firmly committed to its long-standing policy of meeting the highest international standards on taxation," it said.
The UAE "will continue to update its domestic legislative framework in this regard," it said.
The EU had included the UAE on the first list drawn up in 2017, but later removed it after Emirati officials assured their European counterparts it would meet EU requirements.