• Nancy Pelosi after being re-elected as speaker of the US House of Representatives on January 3, 2021. Reuters
    Nancy Pelosi after being re-elected as speaker of the US House of Representatives on January 3, 2021. Reuters
  • Nancy Pelosi, here in her home city of San Francisco in 1987, was first elected to the house in the same year and steadily moved up the ranks, securing leadership positions before winning her first term as speaker in 2007. AP
    Nancy Pelosi, here in her home city of San Francisco in 1987, was first elected to the house in the same year and steadily moved up the ranks, securing leadership positions before winning her first term as speaker in 2007. AP
  • Ms Pelosi in a meeting with fellow Democrat Steny Hoyer in 2006. AP
    Ms Pelosi in a meeting with fellow Democrat Steny Hoyer in 2006. AP
  • Ms Pelosi and Democratic Senator Richard Durbin in 2007. AP
    Ms Pelosi and Democratic Senator Richard Durbin in 2007. AP
  • The 82-year-old has been speaker under four US presidents, including George W Bush in 2007. AP
    The 82-year-old has been speaker under four US presidents, including George W Bush in 2007. AP
  • Ms Pelosi surrounded by children and grandchildren in 2007. AP
    Ms Pelosi surrounded by children and grandchildren in 2007. AP
  • Ms Pelosi and her husband Paul in 1987. AP
    Ms Pelosi and her husband Paul in 1987. AP
  • The Dalai Lama and Ms Pelosi in 2009. AP
    The Dalai Lama and Ms Pelosi in 2009. AP
  • Ms Pelosi with Supreme Court Justice Ruth Bader Ginsburg during her annual Women's History Month reception in 2015. AP
    Ms Pelosi with Supreme Court Justice Ruth Bader Ginsburg during her annual Women's History Month reception in 2015. AP
  • US President Joe Biden with Ms Pelosi and Senate Majority Leader Chuck Schumer in the US Capitol on January 6, 2022. AP
    US President Joe Biden with Ms Pelosi and Senate Majority Leader Chuck Schumer in the US Capitol on January 6, 2022. AP
  • On January 28, 2016, she presented Barack Obama with a copy of the Iran nuclear agreement legislation. AP
    On January 28, 2016, she presented Barack Obama with a copy of the Iran nuclear agreement legislation. AP
  • At a swearing-in ceremony for congresswoman Rashida Tlaib. AFP
    At a swearing-in ceremony for congresswoman Rashida Tlaib. AFP
  • Ms Pelosi takes the gavel from House Minority Leader Kevin McCarthy in 2019. AP
    Ms Pelosi takes the gavel from House Minority Leader Kevin McCarthy in 2019. AP
  • Ms Pelosi, 82, and two other top leaders have been under pressure the past few years from younger Democrats to yield power after two decades at the helm. EPA
    Ms Pelosi, 82, and two other top leaders have been under pressure the past few years from younger Democrats to yield power after two decades at the helm. EPA
  • Ms Pelosi looking less than impressed as President Donald Trump delivers the State of the Union address in 2019. EPA
    Ms Pelosi looking less than impressed as President Donald Trump delivers the State of the Union address in 2019. EPA
  • Ms Pelosi rips up Mr Trump's speech. AP
    Ms Pelosi rips up Mr Trump's speech. AP
  • Ms Pelosi announcing the passage of Article II of impeachment against Mr Trump in December 2019. AP
    Ms Pelosi announcing the passage of Article II of impeachment against Mr Trump in December 2019. AP
  • Trump-supporter Richard Barnett in Ms Pelosi's office during the January 6, 2021 occupation of the Capitol. AFP
    Trump-supporter Richard Barnett in Ms Pelosi's office during the January 6, 2021 occupation of the Capitol. AFP
  • Chuck Schumer chatting to Nancy Pelosi in 2021. Getty Images / AFP
    Chuck Schumer chatting to Nancy Pelosi in 2021. Getty Images / AFP


Democrats do generational change while Republicans remain in Trump's grip


  • English
  • Arabic

November 22, 2022

The resignation of Nancy Pelosi, from the post of Speaker of the House of Representatives, second in line to the presidency, marks the end of an era in US politics. Ms Pelosi led House Democrats for almost 20 years, and as she said in her farewell remarks, scored significant accomplishments with Republican president George W Bush and Democrats Barack Obama and Joe Biden.

Missing from her list was Donald Trump. She achieved nothing with him, and the only noteworthy legislation passed during his tenure was a major tax cut for corporations and the wealthiest. Ms Pelosi will be remembered for confronting Mr Trump in a televised meeting about his efforts to shut down the government to coerce funding for his border wall, and tearing up the text of his 2000 "state of the union" speech to Congress, which she called a "manifesto of mistruths".

She will be handing leadership of House Democrats to her deputy, Hakeem Jeffries, who she has prepared for several years. His capacity to take over her effective leadership role remains untested but promising.

That cannot be said for the presumptive incoming Republican Speaker, Kevin McCarthy, who has apparently kowtowed to extreme party elements to gain the position, even including notorious Georgia radical Marjorie Taylor Greene. Ms Greene was removed from committee assignments after she seemed to threaten the lives of Democrats, along with numerous violent, racist and anti-Semitic tirades. Mr McCarthy says he will respond by excluding from committees several leading Democrats, including the Somali-American congresswoman Ilhan Omar, along with Eric Swalwell and Adam Schiff.

Marjorie Taylor Greene and fellow Republicans Matt Gaetz (Left) and Thomas Massie, at the Capitol in Washington, on November 17. AP
Marjorie Taylor Greene and fellow Republicans Matt Gaetz (Left) and Thomas Massie, at the Capitol in Washington, on November 17. AP

While Ms Omar and Mr Swalwell have made provocative comments, none are remotely comparable to the explicitly violent rhetoric of Ms Greene. But the incoming narrow Republican House majority appears driven by payback, whether or not it makes any sense.

Although extreme Republicans were defeated in the midterms, and those who won promised to focus on "kitchen table" issues like inflation and crime, incoming House Republican leaders have vowed to focus on investigating Mr Biden's son, Hunter, who has never been a government official, along with the Department of Justice and FBI investigations of Mr Trump.

There are legitimate oversight issues, including the chaotic withdrawal from Afghanistan and shambles at the border. Republicans often include these legitimate issues on their list of grievances, but they seem more interested in attacking Mr Biden's family and defending Mr Trump than actually interrogating flawed policies or execution.

This may well play into the hands of Democrats. They insist they have developed a sophisticated and robust set of counterattack strategies, and they will control the Senate, most likely with an additional seat after the Georgia runoff in December. Mr Biden, as I noted in these pages in November 2021, can use the House Republican majority as a foil against which to run for reelection in 2024. His chances look extremely good under current circumstances.

The best news for him arguably was the announcement last week that Mr Trump is officially, once again, a candidate for president. This historically unprecedentedly early announcement was unmistakably an effort to seek political protection against likely forthcoming major criminal charges from the Justice Department.

Attorney General Merrick Garland immediately responded by appointing a special counsel, career prosecutor Jack Smith, to lead two vital investigations into Mr Trump over pilfered government documents as well as the wide-ranging effort to overturn the 2020 election.

While Mr Smith may require some time to get up to speed with the documents case, and the criminal probe into the attempted coup and January 6 attack on Congress probably needs significant additional investigation, he seems well-positioned to hit the ground running. He's known as a hard-charging, highly experienced prosecutor who has recently been heading Kosovo war crimes trials at The Hague.

Indeed, the special counsel may eventually actually speed up the apparently inevitable filing of criminal charges against Mr Trump in the documents scandal, because he inherits such a thoroughly investigated and straightforward case and will be free of many normal bureaucratic impediments.

Ms Pelosi has voluntarily handed leadership to Mr Jeffries, and Mr McCarthy will probably finally get the Speaker's gavel, though his tenure may be turned into a brief nightmare by the extremists surrounding him. And Mr Trump, who looked elderly, listless and wearied – though not, perhaps, as bored as the audience, which was physically prevented from exiting by security personnel when too many tried to leave – is facing major criminal charges and serious leadership challenges.

US President Joe Biden greets US troops at Andersen Air Force Base in Guam, in the western Pacific Ocean. AFP
US President Joe Biden greets US troops at Andersen Air Force Base in Guam, in the western Pacific Ocean. AFP

It is Mr Biden, who turned 80 over the weekend, who seems both distinctly elderly and also profoundly in control. His first two years as president yielded significant and far-ranging legislative accomplishments, probably the most since Lyndon B Johnson's administration in 1964-65. And he just presided over the best Democratic performance in a first presidential midterm since John F Kennedy's administration in 1962.

Mr Biden has not announced his official candidacy, but he says it is his intention to run again, meaning he will be asking Americans to give him another six years in the White House. But, since he says he decided to run in 2020 mainly to deny Mr Trump a second term, his mission will not be complete until 2024 passes without producing a second Trump administration.

There is no doubt Democrats will coalesce around him if he runs. He is a proven winner with a remarkable track record, especially since he was elected president. And he knows how to beat Mr Trump, which he may be called upon to do again.

Republican leaders realise the midterms conclusively demonstrated that Mr Trump and his politics are toxic in a general election. But they also have every reason to fear that he remains unbeatable in Republican primaries, especially when facing more than one candidate, as seems inevitable.

As Democrats are changing the generational guard, except for Mr Biden, many Republicans would like to do so as well. But there is an ageing, angry old man in Florida, who claims to be both the only person who can solve things and also "a victim," who will look at Ms Pelosi's surrender of power, or anyone else's, with total incomprehension and utter disdain. He is not going anywhere. Republicans are going to have to proactively dump Mr Trump, or, yet again, surrender to him with total abjection.

CONFIRMED%20LINE-UP
%3Cp%3EElena%20Rybakina%20(Kazakhstan)%0D%3Cbr%3EOns%20Jabeur%20(Tunisia)%0D%3Cbr%3EMaria%20Sakkari%20(Greece)%0D%3Cbr%3EBarbora%20Krej%C4%8D%C3%ADkov%C3%A1%20(Czech%20Republic)%0D%3Cbr%3EBeatriz%20Haddad%20Maia%20(Brazil)%0D%3Cbr%3EJe%C4%BCena%20Ostapenko%20(Latvia)%0D%3Cbr%3ELiudmila%20Samsonova%0D%3Cbr%3EDaria%20Kasatkina%E2%80%AF%0D%3Cbr%3EVeronika%20Kudermetova%E2%80%AF%0D%3Cbr%3ECaroline%20Garcia%20(France)%E2%80%AF%0D%3Cbr%3EMagda%20Linette%20(Poland)%E2%80%AF%0D%3Cbr%3ESorana%20C%C3%AErstea%20(Romania)%E2%80%AF%0D%3Cbr%3EAnastasia%20Potapova%E2%80%AF%0D%3Cbr%3EAnhelina%20Kalinina%20(Ukraine)%E2%80%AF%E2%80%AF%0D%3Cbr%3EJasmine%20Paolini%20(Italy)%E2%80%AF%0D%3Cbr%3EEmma%20Navarro%20(USA)%E2%80%AF%0D%3Cbr%3ELesia%20Tsurenko%20(Ukraine)%0D%3Cbr%3ENaomi%20Osaka%20(Japan)%20-%20wildcard%0D%3Cbr%3EEmma%20Raducanu%20(Great%20Britain)%20-%20wildcard%3Cbr%3EAlexandra%20Eala%20(Philippines)%20-%20wildcard%3C%2Fp%3E%0A
The specs: Rolls-Royce Cullinan

Price, base: Dh1 million (estimate)

Engine: 6.75-litre twin-turbo V12

Transmission: Eight-speed automatic

Power: 563hp @ 5,000rpm

Torque: 850Nm @ 1,600rpm

Fuel economy, combined: 15L / 100km

The specs: Aston Martin DB11 V8 vs Ferrari GTC4Lusso T

Price, base: Dh840,000; Dh120,000

Engine: 4.0L V8 twin-turbo; 3.9L V8 turbo

Transmission: Eight-speed automatic; seven-speed automatic

Power: 509hp @ 6,000rpm; 601hp @ 7,500rpm

Torque: 695Nm @ 2,000rpm; 760Nm @ 3,000rpm

Fuel economy, combined: 9.9L / 100km; 11.6L / 100km

THE%C2%A0SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.4-litre%20four-cylinder%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20210hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starting%20from%20Dh89%2C900%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
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

MATCH INFO

Champions League quarter-final, first leg

Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

How England have scored their set-piece goals in Russia

Three Penalties

v Panama, Group Stage (Harry Kane)

v Panama, Group Stage (Kane)

v Colombia, Last 16 (Kane)

Four Corners

v Tunisia, Group Stage (Kane, via John Stones header, from Ashley Young corner)

v Tunisia, Group Stage (Kane, via Harry Maguire header, from Kieran Trippier corner)

v Panama, Group Stage (Stones, header, from Trippier corner)

v Sweden, Quarter-Final (Maguire, header, from Young corner)

One Free-Kick

v Panama, Group Stage (Stones, via Jordan Henderson, Kane header, and Raheem Sterling, from Tripper free-kick)

Captain Marvel

Director: Anna Boden, Ryan Fleck

Starring: Brie Larson, Samuel L Jackson, Jude Law,  Ben Mendelsohn

4/5 stars

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

HOW TO WATCH

Facebook: TheNationalNews 

Twitter: @thenationalnews 

Instagram: @thenationalnews.com 

TikTok: @thenationalnews   

if you go

The flights 

Etihad and Emirates fly direct to Kolkata from Dh1,504 and Dh1,450 return including taxes, respectively. The flight takes four hours 30 minutes outbound and 5 hours 30 minute returning. 

The trains

Numerous trains link Kolkata and Murshidabad but the daily early morning Hazarduari Express (3’ 52”) is the fastest and most convenient; this service also stops in Plassey. The return train departs Murshidabad late afternoon. Though just about feasible as a day trip, staying overnight is recommended.

The hotels

Mursidabad’s hotels are less than modest but Berhampore, 11km south, offers more accommodation and facilities (and the Hazarduari Express also pauses here). Try Hotel The Fame, with an array of rooms from doubles at Rs1,596/Dh90 to a ‘grand presidential suite’ at Rs7,854/Dh443.

Updated: November 22, 2022, 6:43 PM