JD Vance praises Trump and rails against Biden at Republican National Convention


Willy Lowry
  • English
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JD Vance, the 39-year-old junior Senator from Ohio, spent more than 40 minutes oscillating between praising former president Donald Trump and railing against President Joe Biden on Wednesday night.

In his first speech since Mr Trump tapped him to be his running mate in the November presidential election, Mr Vance spoke to the Republican National Convention, leaning heavily on his challenging, working class upbringing in Middletown Ohio to woo voters.

That campaign angle could prove critical in swing states across the US rust belt including in Pennsylvania, Michigan and Wisconsin.

“I promise you one more thing to the people of Middletown, Ohio and all the forgotten communities in Michigan, Wisconsin, Pennsylvania and Ohio and every corner of our nation, I promise you this, I will be a Vice President who never forgets where he came from.”

Mr Vance first rose to prominence in 2016, when he published his memoir Hillbilly Elegy, which chronicles his difficult upbringing in rural Ohio.

The book earned praise for its controversial portrayal of the frustrations of the white working class.

Mr Vance was effusive towards Mr Trump, repeatedly praising the former president and outlining their vision for the country.

“President Trump's vision is so simple and yet so powerful,” Mr Vance told delegates and attendees at the Republican National Convention in Milwaukee, Wisconsin. “We're done ladies and gentlemen, catering to Wall Street. We'll commit to the working man. We're done importing foreign labour. We're going to fight for American citizens and their good jobs and their good wages.”

Mr Vance attacked Mr Biden, for being a “career politician” who supported the North American Free Trade Agreement and the war in Iraq.

“When I was a senior in high school, that same Joe Biden supported the disastrous invasion of Iraq, and at each step of the way in small towns like mine in Ohio or next door in Pennsylvania or Michigan, in states all across our country, jobs were sent overseas, and our children were sent to war,” he said.

The father of three, who was only elected to the Senate in 2022, tried to contrast his youthfulness against Mr Biden’s age.

“Joe Biden has been a politician in Washington for longer than I've been alive, [I am 39 years old],” he said. “Kamala Harris is not much further behind. For half a century, he's been the champion of every major policy initiative to make America weaker and poor, and in four short years, Donald Trump reversed decades of betrayals inflicted by Joe Biden and the rest of the corrupt Washington insiders.”

Ms Harris was quick to respond to Mr Vance’s speech.

“Make no mistake: If elected, JD Vance will help implement the extreme Project 2025 plan for a second Trump term, which outlines a plan to restrict access to contraception and ban abortion nationwide,” Ms Harris said on X. “We will stop them.”

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Quarter-finals

Saturday (all times UAE)

England v Australia, 11.15am 
New Zealand v Ireland, 2.15pm

Sunday

Wales v France, 11.15am
Japan v South Africa, 2.15pm

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The flights

Etihad and Emirates fly direct from the UAE to Chicago from Dh5,215 return including taxes.

The hotels

Recommended hotels include the Intercontinental Chicago Magnificent Mile, located in an iconic skyscraper complete with a 1929 Olympic-size swimming pool from US$299 (Dh1,100) per night including taxes, and the Omni Chicago Hotel, an excellent value downtown address with elegant art deco furnishings and an excellent in-house restaurant. Rooms from US$239 (Dh877) per night including taxes. 

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Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai

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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.

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

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Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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

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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.

Updated: July 18, 2024, 5:40 AM