No sooner has one American election cycle ended than another begins. Those just elected begin raising money for the next round, while their consultants get busy advising them on which issues will be good for their re-election. As a result, the focus of political debates and elections are more often than not driven by crass posturing geared toward a candidate’s personal or partisan advantage, and less by serious policy concerns that serve Americans’ current and future needs.
As we approach 2024, it is already becoming clear in the US that partisan heckling over divisive issues will dominate the election debates, while many “big issues” will be ignored, largely because neither of the two main parties will see any advantage to embracing them. Here are three important concerns that will not be discussed in 2024.
The biggest “big issue” that won’t be on the agenda of either Democrats or Republicans is the corrupting role of money in American politics. Ever since the Supreme Court struck down campaign finance reform, the costs of federal elections have skyrocketed. In 2020, over $14 billion was spent on presidential and congressional contests – more than double the amount spent in 2016.
It’s not just the amounts that are concerning. It’s what the money chase has done to US politics. The two major political parties no longer exist as organisations focused on providing grassroots activists with state and local structures and meaningful access to decision-making. Instead, the parties and their related entities have become fundraising vehicles that raise hundreds of millions of dollars each election cycle and then dispense these monies to consulting groups to develop communication strategies, advertising campaigns and voter contact (through email, phone, and social media) to raise more money. The issues that matter to the consultants are those that bring in more money.
None of this is to suggest that the 2024 election will be without substance
Even more damaging to the political process is the role that major donors and “independent” political committees have come to play in funding elections. In 2020, 100 individuals gave more than $1.6bn to political committees supporting candidates and their parties – more than 11 per cent of the total spent in the entire cycle. And the amount raised and spent by the “independent” committees was $3.bn, giving them an outsized role in determining the issues raised and shaping the outcome of several contests. As we saw in the 2022 elections, some billionaires with special interests spent millions funding their own political committees, using them to create massive advertising campaigns to tear down candidates they sought to defeat.
As a result of the role of that big money has come to play in American politics, both parties have adapted their entire operations to reflect this money chase. And neither appears willing to challenge its corrupting influence. They’ve successfully rendered it a “non-issue”, so much so that there have been more stories in the past week about the influence of big money in golf or soccer than there have been in the past two years about the role of money in politics.
Another “big issue” that won’t be raised by either party is the absurd amount of money spent to maintain and even upgrade America’s nuclear arsenal. The US currently possesses over 5,500 nuclear warheads (3,700 active, the rest inactive). Russia’s stockpile is almost 6,000.
Not only do Americans and the Russians possess more of these deadly weapons than one can reasonably argue are even needed, but the US continues to produce new warheads annually and is currently in the process of upgrading, modernising and repositioning its arsenal. The cost to the US treasury is over $60bn annually (projected to be $634bn for the next decade).
In the same way that neither party will raise the issue of campaign finance reform – since they see that as akin to unilateral disarmament – it has become taboo in politics to speak of placing serious controls on the US nuclear arsenal. America has gradually reduced its stockpile of such weapons from over 31,000 in 1967 to today’s 5,500. And then president Barack Obama did negotiate a mutual reduction treaty with the Russians in 2010 that was supposed to reduce stockpiles to 1,500 each, but politics intervened, the goals weren’t met and new warheads continued to be developed.
Back in the 1980s, Jesse Jackson’s presidential campaign attempted to introduce a platform plank calling on the US to pledge “no first use” of nuclear bombs. In making his case, Mr Jackson maintained that neither side could ever use a nuclear warhead since to do so would bring about “mutually assured destruction”. With thousands of bombs on both sides, if one side used the bomb, five seconds later the other side would massively retaliate. In reality, he argued: “There is no first use and no second use. In fact, the bomb is no use at all.” The party establishment reacted quite negatively to Jackson, saying that “no first use” would make Democrats appear weak. The resolution was defeated and hasn’t been raised again.
One more issue that won’t be discussed next year is the ever-increasing and bloated US defence budget. Now pegged at $842bn for 2024, an increase of over $126bn in two years, it will continue to grow, unchecked, in the future. While it is no secret that this amount includes significant waste, it has become something no one dares to challenge.
Because previous congresses have cut taxes for the wealthy, thereby reducing revenues, while funding wars in Iraq, Afghanistan and elsewhere, the amount of funds available for needed social programmes has become constricted. But no one on the national stage from the two major parties will dare to suggest that Americans cut defence spending and raise taxes on the super wealthy in order to expand access to health care or increase funding for public education.
None of this is to suggest that the 2024 election will be without substance. Critical social, political and economic concerns will be debated. And given the deep polarisation that exists between the two parties on many issues, voters will have a real choice. It would, however, be so much more consequential if the corrupting role of money in politics, America’s costly and useless nuclear stockpile and the bloated defence budget were also up for debate. But, alas, they won’t be on the agenda in 2024.
Scorline
Iraq 1-0 UAE
Iraq Hussein 28’
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Dunki
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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
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Killing of Qassem Suleimani
How much sugar is in chocolate Easter eggs?
- The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
- The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
- The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
- The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
- The Cadbury Creme Egg contains 26g of sugar per 40g egg
What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan