In Washington, the letter said that Iran funding would break US law and urged agencies to investigate. Getty Images
In Washington, the letter said that Iran funding would break US law and urged agencies to investigate. Getty Images
In Washington, the letter said that Iran funding would break US law and urged agencies to investigate. Getty Images
In Washington, the letter said that Iran funding would break US law and urged agencies to investigate. Getty Images

Members of Congress say 'anti-Israel' organisations in US received funds from Iran


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Twenty-two members of Congress have signed on to a bipartisan letter expressing concern that “anti-Israel organisations” in the US had received funding from Iran.

The letter, addressed to the Treasury Department, the Department of Justice and the Office of the Director of National Intelligence, said that such funding would break US law and urged the agencies to investigate.

“Director [of National Intelligence Avril] Haines's statement earlier this month confirming that the Iranian regime … provided financial support to pro-Palestinian protests in the United States suggests that these groups may be in violation of US law,” the letter said.

In a July statement, Ms Haines had said that the Iranian government had sought to “opportunistically take advantage of continuing protests regarding the war in Gaza, using a playbook we’ve seen others use over the years”.

“We have observed actors tied to Iran’s government posing as activists online, seeking to encourage protests and even providing financial support to protesters.

“I want to be clear that I know Americans who participate in protests are, in good faith, expressing their views on the conflict in Gaza – this intelligence does not indicate otherwise.”

Americans being exploited by Iran may not realise they are interacting with or receiving support from a foreign government, she said.

Pro-Palestine demonstrations erupted across the US earlier this year, with students taking over large parts of their university campuses to protest against the Israel-Gaza war.

The protests were mostly peaceful – although hundreds of students were detained by police, sometimes violently – and their demands focused on bringing about a ceasefire and getting their universities to divest from finances or companies with Israeli relations.

Critics, however, accused protesters of being anti-Semitic and engaging in hate speech.

Although Iran and groups including Al Qaeda voiced support for the protests, demonstrators said such messages were attempts to co-opt the movement.

Iran has been accused in the past in attempting to influence politics in the US, including engaging in election interference.

“The American people should not be kept in the dark, and it is critical that neither ODNI nor Treasury withhold information that would reveal the depth of this Iranian influence operation,” the letter said.

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India
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Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
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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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The years Ramadan fell in May

1987

1954

1921

1888

Updated: August 03, 2024, 4:17 AM