The federal estate and gift tax is referred to as a unified tax because both taxes use the same tax rate schedule and the same credit against the tax, called the
unified credit. The
unified credit amount in 2017 is $2,141,800, which is the tax on $5,490,000 of taxable value (the calculations in this article are based on 2017 figures).
Fitch Learning's comprehensive and sophisticated training capabilities will no doubt help NBF achieve its objectives of embedding a
unified credit risk management culture within the bank and raise its profile as a world-class financial services provider within the UAE."
The gross amount of tax is reduced by gift taxes previously paid or payable, certain credits for foreign death taxes paid, a credit for tax on prior transfers, and the
unified credit against estate tax.
"Managing credit risk runs to the core of a bank's operations so a tailored training solution that reaches all parts of a bank's operations is central to delivering a
unified credit culture," said Clive Humphrey, senior director for Middle East training solutions at Moody's Analytics.
Summary: DUBAI u Credit bureaus based in the UAE, Bahrain, Oman and Pakistan on Sunday joined forces to set up the Middle EastAEs first credit reporting association, an initiative that is expected to pave way to the formation of a
unified credit bureau encompassing all countries C of the region.
Dubai: Gulf lenders should develop a
unified credit bureau to share data as this will help to reduce the number of bad debts, a top banker has said.