Pakistan still fails to fully face the threat at home


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In 2009, Pakistani Taliban moved south-east from the Swat Valley, where they had consolidated power for several years, to within 110 kilometres of Islamabad. The perceived threat to the capital was seen as a turning point. Within a month, Pakistani security forces had launched a campaign against the Taliban - with which the government had previously signed peace treaties - and dealt them a definitive defeat in Swat's largest city, Mingora.

Events of the last week show how fleeting that victory was.

By now, the entire world knows about the barbaric attack on Malala Yousafzai, the 14-year-old who gained prominence for blogging about girls' education during the Taliban occupation of Swat. Malala was flown to the United Kingdom yesterday for further treatment, and two other girls injured in the shooting are recovering, but Swat is again terrorised by violent extremism.

Another event on Sunday night emphasised north-west Pakistan's worsening security. About 70 militants, suspected to be linked to Pakistani Taliban, assaulted a police station south of Peshawar for several hours, killing at least six officers. Such attacks are almost routine, another sad statement about the failure of military campaigns to impose lasting solutions a few years ago.

Pakistan's security challenge is a complex beast, tangled in religious extremism, tribal allegiances, local lashkars, a frontier culture where every house owns a gun ... add in the Afghan war and US drone attacks, and it's small surprise that the national army has failed to quell the problem. The Taliban held Swat for so long because they enjoyed some public support.

The security failure, however, must also be blamed on the refusal to fully acknowledge the problem. It is far too common in Pakistani society to hear conspiracy theories. US intervention in both Afghanistan and Pakistan has been destabilising, but the extremists that are shooting young girls and police are a homegrown problem that needs to be confronted.

Disappointingly, Imran Khan has been in stark denial of this fact even as his political stature grows. After a visit to Malala's hospital in Peshawar at the weekend, the former cricketer defended the Taliban in Afghanistan, saying they were fighting a jihad. Pakistani leaders have a tendency to pick "good" and "bad" murderous extremists - to fight India, or in this case the US - blind to the harm these groups inevitably bring home.

Malala's shooting united Pakistanis in outrage, but already there is cynicism that nothing substantive will be done. The overwhelming majority of patriotic Pakistanis committed to a peaceful society must now address the vipers in their midst.

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Tony Booth, professor of education

Lord Browne, former BP chief executive

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Gina MIller, anti-Brexit campaigner

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2. E-invoicing in the UAE

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3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Takreem Awards winners 2021

Corporate Leadership: Carl Bistany (Lebanon)

Cultural Excellence: Hoor Al Qasimi (UAE)

Environmental Development and Sustainability: Bkerzay (Lebanon)

Environmental Development and Sustainability: Raya Ani (Iraq)

Humanitarian and Civic Services: Women’s Programs Association (Lebanon)

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Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)

Outstanding Arab Woman: Balghis Badri (Sudan)

Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)

Young Entrepreneur: Omar Itani (Lebanon)

Lifetime Achievement: Suad Al Amiry (Palestine)

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Ferrari 12Cilindri specs

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CONCRETE COWBOY

Directed by: Ricky Staub

Starring: Idris Elba, Caleb McLaughlin, Jharrel Jerome

3.5/5 stars

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950