The introduction of Corporate Tax would include implementation, training, and bureaucratic compliance costs, which would be fair considering the UAE's simple tax system. Businesses will undoubtedly focus on tax planning to reduce the impact of CT on their profitability, increasing the demand for tax specialists.

The shareholders will strive to maintain their share of profits by passing on the impact of CT to end users through higher sales prices, making things a little more expensive for end users, which will adversely impact their purchasing power.

Reduced purchasing power would impact demand for products and services, and the trickle-down effect would be on business production and sales, affecting economic growth in the near run.

The introduction of Corporate Tax in the UAE would greatly impact Foreign Direct Investment ('FDI') decisions. I create a gap between the pretax and post-tax returns on FDI. Investors are always interested in learning about direct taxes in the country where they wish to invest and taxes on profit repatriation.

As explained above, enterprises will likely pass on the impacts of Corporate tax to individuals by raising their prices and reducing consumers' purchasing power. Employees would ask for a raise in wages to maintain their purchasing power. Overall, goods and services become marginally more expensive for end users.

Due to its competitiveness, UAE Corporate Tax would have a nominal impact on corporate savings and FDI, harming the country's economy in the short run. Still, it would build investor confidence in the long run, contributing to growth.Considering all of the preceding, CT has been designed to promote investment and maintain openness to match global standards, hence providing a stable society in which enterprises may contribute and add value to the economy's growth.