Cleveland Cavaliers' Kyrie Irving is making his name as the next big thing this season.
Cleveland Cavaliers' Kyrie Irving is making his name as the next big thing this season.
Cleveland Cavaliers' Kyrie Irving is making his name as the next big thing this season.
Cleveland Cavaliers' Kyrie Irving is making his name as the next big thing this season.

This season in NBA is a league of ordinary gentlemen


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No one argues. Athletes are bigger, stronger and faster than before. Better diets, better training, better focus.

And the NBA? It is a league that attracts the best basketball players on the planet.

This ought to be a Golden Age of NBA talent.

Why, then, does the league seem so ordinary this season? Why do so many teams appear unremarkable and uninspiring? Stars seem in short supply. It is a 30-team league but it feels like only a half-dozen teams have elite-level players.

The Miami Heat have stars. The Los Angeles Lakers, Oklahoma City Thunder, Los Angeles Clippers and San Antonio Spurs have stars. The rest? Not really.

The league's four best teams look to be the Thunder, Clippers, Heat and Spurs. This "great player" stuff explains much of it.

Who is the best player on the Memphis Grizzlies, the Atlanta Hawks, the Indiana Pacers or the Denver Nuggets? And those are the teams just below the top tier.

Several of the league's great players from the past decade have retired: Shaquille O'Neal, Allen Iverson, Tracy McGrady. Others, like Kevin Garnett, Paul Pierce and Vince Carter are past their primes. Some, like Derrick Rose and Amare Stoudemire, are hurt.

Few have emerged to take their place. Recent drafts have proven undistinguished. Maybe Kyrie Irving really is the next big thing. Maybe Stephen Curry and LaMarcus Aldridge and Jrue Holiday are ready to take it to another level.

At the moment, it feels like a league of unspectacular parity.

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

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

PREMIER LEAGUE FIXTURES

Saturday (UAE kick-off times)

Watford v Leicester City (3.30pm)

Brighton v Arsenal (6pm)

West Ham v Wolves (8.30pm)

Bournemouth v Crystal Palace (10.45pm)

Sunday

Newcastle United v Sheffield United (5pm)

Aston Villa v Chelsea (7.15pm)

Everton v Liverpool (10pm)

Monday

Manchester City v Burnley (11pm)

Arabian Gulf League fixtures:

Friday:

  • Emirates v Hatta, 5.15pm
  • Al Wahda v Al Dhafra, 5.25pm
  • Al Ain v Shabab Al Ahli Dubai, 8.15pm

Saturday:

  • Dibba v Ajman, 5.15pm
  • Sharjah v Al Wasl, 5.20pm
  • Al Jazira v Al Nasr, 8.15pm
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Man of the match: Joshua Kimmich (Bayern Munich)

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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

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