Former US President Donald Trump in New York City, on March 25, after his court hearing to determine the date of his trial for allegedly covering up hush money payments. AFP
Former US President Donald Trump in New York City, on March 25, after his court hearing to determine the date of his trial for allegedly covering up hush money payments. AFP
Former US President Donald Trump in New York City, on March 25, after his court hearing to determine the date of his trial for allegedly covering up hush money payments. AFP
Former US President Donald Trump in New York City, on March 25, after his court hearing to determine the date of his trial for allegedly covering up hush money payments. AFP


A bit of good news for Trump is still dwarfed by his mounting legal woes


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  • Arabic

March 28, 2024

The 2024 US presidential campaign, already among the strangest ever, has begun to truly unfurl its ineffable weirdness as Donald Trump is buffeted between sporadic campaigning and competing court decisions. Mr Biden remains the conventional candidate of a conventional party. Mr Trump and his Republicans, by contrast, are dispensing with virtually all political norms, expectations and traditions.

The Republican Party appears to have become a de jure as well as de facto Trump personal fiefdom. Desperate for money amid mounting fines, judgments and legal bills, he has installed his daughter-in-law, Lara Trump, as co-chair of the Republican National Committee which controls party affairs and finances.

When she was initially proposed, RNC leaders insisted that everything would remain entirely aboveboard, and Party funds would only be used for Republican campaigns and not Trump family legal bills. However, Ms Trump rushed to contradict them, insisting that Republican voters would be delighted to have their political donations used to bail out their adored chieftain.

Lara Trump, daughter-in-law of former US President Donald Trump, speaks at the Republican National Committee (RNC) Spring meeting on March 8, in Houston, Texas. AFP
Lara Trump, daughter-in-law of former US President Donald Trump, speaks at the Republican National Committee (RNC) Spring meeting on March 8, in Houston, Texas. AFP

Recent filings with the Federal Election Commission, which oversees political activities and spending, confirm that Mr Trump's organisations like Save America and the Trump 47 Committee will have first dibs on future incoming RNC money through a "joint fundraising agreement". Such groups allow themselves to pay any of Mr Trump's personal expenses, including legal costs, so RNC fundraising now feeds directly into a virtual slush fund for the former president.

This reprehensible absurdity builds on the 2020 embarrassment of the Republican Party forgoing a normal election manifesto to simply declare that it supports whatever Mr Trump wants at any given moment. The scandalous new arrangement means that normative RNC activities aimed at helping Republican candidates across the country get elected will only be funded after Mr Trump skims off the cream for himself. Yet there's a deafening silence and nary a word of complaint from Republican leaders and activists.

Key RNC staff in the political, data and all-important communication departments have been purged and prospective recruits quizzed on whether the 2020 election was "stolen," meaning ideological commitment to Mr Trump's most brazen lie is now, literally, part of their job descriptions. But this transformation of the GOP into a wholly-owned subsidiary of Mr Trump's family business, the Trump Organisation, could well result in underfunded Republican candidates losing otherwise winnable seats in Congress in November. Republicans also appear to be repeating the 2022 midterms blunder, as Mr Trump's preferred but probably unelectable nominees push aside more plausible candidates, as just happened in Ohio. A once near-certain Republican Senate takeover is increasingly doubtful because of his preference for the most unctuous sycophants over competent politicians.

This is all unfolding as the Trump campaign and RNC coffers are lagging far behind Democratic fundraising that has allowed Mr Biden to already begin running general election television advertisements.

Democrats scored yet another stunning upset, flipping a House seat in Alabama, of all places, with a massive 25-point victory in a county Mr Biden lost by 25 points in 2020, in a special election that became centred on reproductive freedom for women. That clearly remains a massive weapon for liberals even in the most unlikely districts and states.

Mr Trump did get some good news on Monday as an appellate court predictably reduced the amount he must raise to back his appeal against the $454 million judgment against him for systematic business fraud to a “mere” $175 million. But they haven’t yet reduced the $454 million judgment. And New York State attorneys must be quietly delighted to be assured of getting at least $175 million without having to chase down his assets.

The judge on Tuesday issued a gag order limiting what Trump can publicly say as long as these proceedings continue

But this win-win was more than offset by another brutal day in the hush money criminal case. Mr Trump's stalling tactics collapsed as Judge Juan M Merchan scheduled the trial for April 15. The judge became increasingly irate with Mr Trump's attorneys as they failed to support their accusations of prosecutorial, and implicitly his own, misconduct. “You are literally accusing the Manhattan DA’s office and the people assigned to this case of prosecutorial misconduct and trying to make me complicit in it,” Judge Merchan thundered.

Even worse for Mr Trump, who angrily condemned the whole process in statements immediately involving the Monday hearing, the judge on Tuesday issued a gag order limiting what Mr Trump can publicly say as long as these proceedings continue. Prosecutors requested the order by alleging the former president's remarks have been "threatening, inflammatory, denigrating" to those doing their civil duty rather than other public figures.

Mr Trump and his subordinates will not be allowed to make public comments regarding prospective witnesses, jurors, court staff and prosecutors, or their relatives. This follows the former president’s harsh public attacks on a key witness in the $454 million civil fraud case and previous statements that were widely viewed as attempts to intimidate potential witnesses or their relatives.

This ruling is a severe blow to Mr Trump's plans to use the trial, which will not be televised, to promote the narrative that he and his supporters – including felons convicted of violent crimes during the January 6 insurrection – are being unjustly persecuted by Democrats and a fictitious "deep state”.

He will still be able to complain in broad terms about being treated "very unfairly" and insist that "such a thing has never happened" – because, he will not mention, no other former president has ever been accused of buying silence from alleged former paramours, including an adult film actress – and that it all constitutes intolerable "election interference." This final point is absolutely correct. The trial is indeed about election interference – his.

The prosecution's central assertion that the payoffs, which came long after the alleged affairs ended, were only made because Mr Trump was running for president in 2016, and to protect his election chances, not his family’s feelings. Therefore, the surreptitious hush money payments constituted undisclosed and unlawful campaign contributions.

His former attorney and self-described "fixer" Michael Cohen, who will be a prosecution star witness in the upcoming trial, was sentenced in 2018 to three years in prison, largely on the basis of these payments that he allegedly (and obviously) made on Mr Trump's behalf.

The election interference is that because of these unlawful payments, the public never learnt about allegations by the adult film actress, Stormy Daniels, and a former Playboy model, Karen McDougall, that both had extramarital affairs with Mr Trump.

It's unclear if that information would have made any difference in 2026. But by 2024, a ruinous cult of personality has become so entrenched that many Republicans will allow him literally anything. That may not impress the swing voters who will decide the next election, especially if the Republican candidate becomes a convicted felon.

The April 15 trial will take about six weeks. A felony conviction should initiate an unprecedented political implosion, though that's dishearteningly unlikely. Nonetheless, it could prove to be a dramatic election game-changer.

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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

Meydan race card

6pm Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m 

6.35Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m
1,800m 

7.10pm Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m ,400m 

7.45pm Al Rashidiya – Group 2 (TB)  $180,000  (T) 1,800m 

8.20pm Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

8.55pm Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

9.30pm Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m  

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ETelr%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202014%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E65%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20and%20payments%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3Enearly%20%2430%20million%20so%20far%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Alaan%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Parthi%20Duraisamy%20and%20Karun%20Kurien%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%247%20million%20raised%20in%20total%20%E2%80%94%20%242.5%20million%20in%20a%20seed%20round%20and%20%244.5%20million%20in%20a%20pre-series%20A%20round%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
History's medical milestones

1799 - First small pox vaccine administered

1846 - First public demonstration of anaesthesia in surgery

1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases

1895 - Discovery of x-rays

1923 - Heart valve surgery performed successfully for first time

1928 - Alexander Fleming discovers penicillin

1953 - Structure of DNA discovered

1952 - First organ transplant - a kidney - takes place 

1954 - Clinical trials of birth control pill

1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.

1998 - The first adult live-donor liver transplant is carried out

Racecard

5.25pm: Etihad Museum – Maiden (TB) Dh82,500 (Turf) 1,200m

6pm: Al Shindaga Museum – Handicap (TB) Dh87,500 (Dirt) 1,200m

6.35pm: Poet Al Oqaili – Handicap (TB) Dh95,000 (T) 1,400m

7.10pm: Majlis Ghurfat Al Sheif – Handicap (TB) Dh87,500 (D) 1,600m

7.45pm: Hatta – Handicap (TB) Dh95,000 (T) 1,400m

8.20pm: Al Fahidi – Rated Conditions (TB) Dh87,500 (D) 2,200m

8.55pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m

9.30pm: Coins Museum – Rated Conditions (TB) Dh95,000 (D) 1,600m

10.05pm: Al Quoz Creative – Handicap (TB) Dh95,000 (T) 1,000m

'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

What is an FTO Designation?

FTO designations impose immigration restrictions on members of the organisation simply by virtue of their membership and triggers a criminal prohibition on knowingly providing material support or resources to the designated organisation as well as asset freezes. 

It is a crime for a person in the United States or subject to the jurisdiction of the United States to knowingly provide “material support or resources” to or receive military-type training from or on behalf of a designated FTO.

Representatives and members of a designated FTO, if they are aliens, are inadmissible to and, in certain circumstances removable from, the United States.

Except as authorised by the Secretary of the Treasury, any US financial institution that becomes aware that it has possession of or control over funds in which an FTO or its agent has an interest must retain possession of or control over the funds and report the funds to the Treasury Department.

Source: US Department of State

SNAPSHOT

While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Red Sparrow

Dir: Francis Lawrence

Starring: Jennifer Lawrence, Joel Egerton, Charlotte Rampling, Jeremy Irons

Three stars

The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Top 10 most polluted cities
  1. Bhiwadi, India
  2. Ghaziabad, India
  3. Hotan, China
  4. Delhi, India
  5. Jaunpur, India
  6. Faisalabad, Pakistan
  7. Noida, India
  8. Bahawalpur, Pakistan
  9. Peshawar, Pakistan
  10. Bagpat, India
Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor

Updated: March 28, 2024, 1:18 PM