Adam Kinzinger, left, listens as vice Chair Liz Cheney, speaks as the House select committee investigating the Jan 6 attack on the US Capitol holds a hearing at the Capitol in Washington, on July 21. AP
Adam Kinzinger, left, listens as vice Chair Liz Cheney, speaks as the House select committee investigating the Jan 6 attack on the US Capitol holds a hearing at the Capitol in Washington, on July 21. AP
Adam Kinzinger, left, listens as vice Chair Liz Cheney, speaks as the House select committee investigating the Jan 6 attack on the US Capitol holds a hearing at the Capitol in Washington, on July 21. AP
Adam Kinzinger, left, listens as vice Chair Liz Cheney, speaks as the House select committee investigating the Jan 6 attack on the US Capitol holds a hearing at the Capitol in Washington, on July 21.


America has seen political theatre in the past but the Jan 6 hearings were unparalleled


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July 26, 2022

Last Thursday, the congressional committee investigating the January 6 insurrection, and the broader campaign by former US president Donald Trump to stay in office despite losing the 2020 election to President Joe Biden, completed its initial schedule.

New evidence and witnesses mean hearings will resume in September. But, for now, the first season of an extremely well-produced, gripping TV show – call it “American Coup” – has wrapped up with a final two-hour episode highlighting Mr Trump's personal dereliction of duty as the attack unfolded.

The January 6 hearings seek to painstakingly inform Americans – especially Republicans – about essential realities many refuse to acknowledge

These hearings are among the most consequential ever, but don't much resemble congressional inquiries of the past.

A great deal of credit for their effectiveness ironically belongs to House Republican minority leader Kevin McCarthy. His spectacular blunder of declining participation has allowed the committee to function as something approaching a "truth – although not yet reconciliation – commission" of the kind convened in numerous countries that suffered traumatic convulsions.

Mr McCarthy attempted to appoint two diehard supporters of Mr Trump’s "big lie" that the election was stolen. House Speaker Nancy Pelosi rightly refused their involvement. These congressmen, most notably Jim Jordan of Ohio, are notorious for shameless grandstanding and stunts, and would have most likely ensured endless disruptive histrionics. But Ms Pelosi agreed that Mr McCarthy's other three appointees could serve.

US Speaker of the House Nancy Pelosi at her weekly press conference at the US Capitol on July 21. Getty / AFP
US Speaker of the House Nancy Pelosi at her weekly press conference at the US Capitol on July 21. Getty / AFP

As Mr McCarthy recently confirmed on Fox News, he withdrew all co-operation to try to dismiss the investigation as a partisan sham. Ms Pelosi outflanked him by appointing two very conservative and otherwise loyal Republicans – Liz Cheney and Adam Kinzinger – who are outspoken critics of Mr Trump's attempted coup. That ensured the committee is indeed bipartisan yet speaks in a unified voice that rejects the former president's conspiracy theories and is determined to tell the truth about the post-election fiasco and, especially, the January 6 insurrection.

That is how the committee has managed to present such a seamless, artful and authoritative chronicle – devastatingly drawn mainly from evidence given by former Trump loyalists and officials – and has outlined an initial public record of the first attempted coup in US history.

Moreover, their narrative is squarely aimed at swing voters and, above all, reachable Republicans, arguing that whatever they think about policy, the Democrats, Mr Biden and the election outcome, Mr Trump's reckless irresponsibility renders him permanently unfit for any return to high national office.

There has never been anything quite like this.

Modern congressional hearings began with the explosion of television following the Second World War. The country's attention was riveted in 1948 when a Time magazine editor, Whittaker Chambers, testified that in the 1930s he had been close comrades in the Communist Party with a former high-ranking State Department official and then-head of the Carnegie Endowment for International Peace, Alger Hiss.

Hiss was initially able to brush aside Chambers' allegations, claiming they had never met. But it quickly became clear this was untrue. It eventually emerged that both men had served as Soviet spies in the 1930s. Hiss was eventually imprisoned for perjury, the statute of limitations on espionage having expired.

It was unparalleled American political theatre, and nothing that has followed has come close to such a dramatic, poignant, and tragic unraveling of bitter personal and national truths. But it was entirely unscripted, and more closely resembled a trial than anything else.

HR Haldeman, former top aide to President Richard Nixon, testifies before the Senate Watergate Committee in Washington, on July 31, 1973. Watergate and Jan 6 are a half century apart, in vastly different eras, and they were about different things. But in both episodes, a president tried to do an end run around democracy. AP
HR Haldeman, former top aide to President Richard Nixon, testifies before the Senate Watergate Committee in Washington, on July 31, 1973. Watergate and Jan 6 are a half century apart, in vastly different eras, and they were about different things. But in both episodes, a president tried to do an end run around democracy. AP

Anti-Communist hearings remained a staple in the 1950s. Demagogic Senator Joseph McCarthy shot to fame by destroying countless lives and careers with unfounded accusations of treason at hearings, until his own comeuppance at the 1953-1954 Army-McCarthy hearings. After failing to secure special treatment for a conscripted former staffer, McCarthy accused military leaders of leftist disloyalty. Yet his own reputation was left in tatters after combative televised proceedings revealed his recklessness and dishonesty.

Significant hearings in the 1970s and '80s were also effectively confrontational and/or investigative rather than expository.

The 1973 Watergate hearings brought down President Richard Nixon by slowly unearthing his corruption. The Church Committee hearings of 1975 probed a sordid history of political abuses by the FBI, CIA, and other agencies against dissident Americans such as Dr Martin Luther King Jr and other civil rights leaders. The 1987 Iran Contra hearings discovered how Ronald Reagan's administration violated the law to funnel lethal support to the Contra rebels in Nicaragua.

Former US President Richard Nixon walks with his assistant H R Haldeman from the Executive Office Building to the White House for a Cabinet meeting, on December 19, 1969, in Washington. AP
Former US President Richard Nixon walks with his assistant H R Haldeman from the Executive Office Building to the White House for a Cabinet meeting, on December 19, 1969, in Washington. AP

Threads intertwine and unravel to this day. Before being brought down by much later hearings aimed at him, Nixon became a national figure through the Hiss-Chambers saga. Mr Trump’s mentor, Roy Cohn, was a key aide to McCarthy and the primary antagonist against the military in those legendary hearings.

The January 6 hearings seek to painstakingly inform Americans – especially Republicans – about essential realities many refuse to acknowledge and to break through a stone wall of psychic denial.

Their closest antecedent wasn’t about politics at all, but organised crime. The Valachi hearings of 1963 revealed a reality that, for still-unclear reasons, the FBI aggressively denied for decades: a national crime syndicate, the Mafia, had infected much of American social, political and economic life.

The FBI's already threadbare denials definitively collapsed when scores of leading gangsters from around the country were apprehended by astonished local cops at a 1957 "commission" meeting in a small town in upstate New York. After that, an opportunity was required to finally explain the Mafia’s existence and power.

Joseph Valachi, a veteran but low-level and highly disgruntled mafioso, was the first turncoat to publicly break “omerta”, the code of silence. Although he provided lots of genuinely new and valuable facts and history, the FBI prompted him, and larded his testimony, with large amounts of information about Mafia activities – especially outside New York City – of which he was otherwise unaware but which they needed to expose.

A video of former President Donald Trump plays on a screen during a hearing of the Select Committee to Investigate the January 6th Attack on the US Capitol in Washington, US, on Thursday, July 21. Pool
A video of former President Donald Trump plays on a screen during a hearing of the Select Committee to Investigate the January 6th Attack on the US Capitol in Washington, US, on Thursday, July 21. Pool

At spellbinding hearings featuring this renegade mobster, all major aspects of the Mafia – and the building blocks of a massive cultural industry beginning with the best-selling book, and subsequent blockbuster movie adaptation, The Godfather – became firmly established in American minds. While these definitive stories were drawn largely from the Valachi hearings, coming full circle, The Godfather II included fictional scenes vividly reinventing them.

That systematic explication of crime, conspiracy, and an ongoing threat to society from almost 60 years ago bears the closest resemblance to the January 6 hearings. And while reconciliation may be a long way off, the truth that the committee is establishing beyond any reasonable doubt is unmistakably having its own profound impact on the American national narrative. Crucially, most viewers have been left wanting more.

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

Company%20profile%20
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MATCH RESULT

Liverpool 4 Brighton and Hove Albion 0
Liverpool: 
Salah (26'), Lovren (40'), Solanke (53'), Robertson (85')    

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

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

Match info

Uefa Nations League A Group 4

England 2 (Lingard 78', Kane 85')
Croatia 1 (Kramaric 57')

Man of the match: Harry Kane (England)

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

Updated: July 26, 2022, 4:00 AM