Mariah Carey has become synonymous with Christmas thanks to her 1994 hit, ''All I Want for Christmas is You'. AP Photo
Mariah Carey has become synonymous with Christmas thanks to her 1994 hit, ''All I Want for Christmas is You'. AP Photo
Mariah Carey has become synonymous with Christmas thanks to her 1994 hit, ''All I Want for Christmas is You'. AP Photo
Mariah Carey has become synonymous with Christmas thanks to her 1994 hit, ''All I Want for Christmas is You'. AP Photo

Mariah Carey faces $20m 'All I Want for Christmas is You' lawsuit


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Mariah Carey is being sued for $20 million for copyright infringement over her hit song All I Want for Christmas is You.

The singer and her co-writer Walter Afansieff are both named in the lawsuit, which is being brought by songwriter Andy Stone.

The song was released by Carey in 1994 as part of her album Merry Christmas and has gone on to be recognised as one of the most well-known festive hits.

In legal documents filed at the US District Court in the Eastern District of Louisiana, Stone claims that he co-wrote the song in 1989 and has never given permission for it to be used.

The documents, obtained by the PA news agency, state that Carey and her collaborators "knowingly, wilfully, and intentionally engaged in a campaign" to infringe Stone's copyright for the song.

They added the defendants had also committed "acts of unjust enrichment by the unauthorised appropriation of plaintiff's work and the goodwill associated therewith".

Stone is seeking damages of $20m.

Merry Christmas was released by Columbia Records on November 1, 1994 and became the best-selling US Christmas album of all time, selling more than 15 million copies worldwide.

How much does Mariah Carey make from 'All I Want for Christmas is You'?

A 2017 report from The Economist estimates that Carey had earned more than $60m from the track between its release in 1994 and 2016. According to Celebrity Net Worth, the song earns anywhere between $600,000 and $1m in royalties every single year.

Streaming is additional revenue source for artists. Apple pays an average play rate of $0.01, while Spotify says artists are paid up to two-thirds of every dollar they make from music streaming, according to foxbusiness.com. However, it's unclear how much of Carey's streaming revenue is separate from her royalties.

Still, it's safe to say that Carey pockets millions every year from a song she wrote in 1994, which is now a holiday classic.

“If someone said to me, ‘What’s the lyric that stands out?’ To me in that song it is, ‘I won’t ask for much this Christmas, I won’t even wish for snow,’” she told parade.com in 2021.

“Because when I first wrote that song I was very, very early on in my career and I was still thinking about childhood stuff when I did wish for snow every year. So, for me to, ‘I won’t even wish for snow,’ that really meant a lot. That’s a huge deal, I’m not going to wish for snow? That’s bleak. I don’t want to have a non-snowy Christmas.”

— Additional reporting from PA News

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
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  • Critically assess whether a project’s promises or returns seem too good to be true.
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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

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Position: legal consultant with Al Rowaad Advocates and Legal Consultants

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World record transfers

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2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

UAE currency: the story behind the money in your pockets
The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

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Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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Three ways to boost your credit score

Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:

1. Make sure you make your payments on time;

2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;

3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.

Updated: June 04, 2022, 5:23 AM