Vice President Kamala Harris and Donald Trump have a one-off presidential debate on Tuesday. AP
Vice President Kamala Harris and Donald Trump have a one-off presidential debate on Tuesday. AP
Vice President Kamala Harris and Donald Trump have a one-off presidential debate on Tuesday. AP
Vice President Kamala Harris and Donald Trump have a one-off presidential debate on Tuesday. AP


World leaders are taking Harris seriously. Trump should too


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September 08, 2024

The contours of the US presidential election in November will become clearer after the televised debate between Democratic nominee Kamala Harris and Republican candidate Donald Trump on Tuesday night.

How the media and the public perceive the outcome of the debate will depend largely on the “performance” of both candidates. This is especially the case after President Joe Biden’s poor showing in his debate against Mr Trump in June forced the then Democratic Party’s presumptive nominee to step aside for Ms Harris.

Policy pronouncements are important, of course, especially if the candidates present new proposals to address domestic issues and foreign policy challenges. However, what American viewers will be most focused on is performance.

Ms Harris’s performance will be scrutinised as she is new to the presidential debate stage, while Mr Trump will probably attempt to undermine her at every opportunity, portraying her as unfit for leadership. Conversely, Mr Trump’s performance may veer into dangerous territory, potentially exposing him to accusations of racism, arrogance and condescension – both towards Ms Harris and, by extension, women.

Both candidates have reportedly prepared extensively for the debate.

Ms Harris, who has plenty of experience as a prosecutor, has been coached by Karen Dunn, who previously advised Hillary Clinton. Reports indicate that Ms Harris has spent five days strategising with her advisers and preparing key points. Mr Trump, on the other hand, may not follow the traditional debate preparation process, but his advisers are urging him to avoid personal attacks on Ms Harris and focus, instead, on highlighting her weaknesses.

  • President Joe Biden walks off stage at the end of the first presidential debate with Donald Trump in Atlanta, Georgia, followed by first lady Jill Biden. AP
    President Joe Biden walks off stage at the end of the first presidential debate with Donald Trump in Atlanta, Georgia, followed by first lady Jill Biden. AP
  • Republican candidate former president Trump walks off stage during a commercial break. AP
    Republican candidate former president Trump walks off stage during a commercial break. AP
  • Mr Biden and Donald discuss a point at Georgia Institute of Technology's McCamish Pavilion. EPA
    Mr Biden and Donald discuss a point at Georgia Institute of Technology's McCamish Pavilion. EPA
  • Trump attends the first presidential debate of the 2024 election. Reuters
    Trump attends the first presidential debate of the 2024 election. Reuters
  • People watch the debate at a party at a bar in Washington. AFP
    People watch the debate at a party at a bar in Washington. AFP
  • Biden supporters attend a watch party for the CNN presidential debate in Atlanta. EPA
    Biden supporters attend a watch party for the CNN presidential debate in Atlanta. EPA
  • Trump supporters glued to the screen at the Young Republicans' Presidential debate watch party in New York. AP
    Trump supporters glued to the screen at the Young Republicans' Presidential debate watch party in New York. AP
  • Mr Biden and his wife Jill greet CNN event moderators Dana Bash and Jake Tapper after the debate. AP
    Mr Biden and his wife Jill greet CNN event moderators Dana Bash and Jake Tapper after the debate. AP
  • Governor Gavin Newsom and Senator Raphael Warnock speak to reporters after the debate. Getty Images
    Governor Gavin Newsom and Senator Raphael Warnock speak to reporters after the debate. Getty Images
  • Republican senator of South Carolina Tim Scott speaks to the media after the debate. EPA
    Republican senator of South Carolina Tim Scott speaks to the media after the debate. EPA
Harris’s performance will be scrutinised as she is new to the presidential debate stage

As has been the case in the past, foreign policy is unlikely to dominate the debate.

With the exception of the wars in Gaza and Ukraine, most issues pertaining to foreign policy are unlikely to draw widespread attention. Iraq, for example, no longer occupies the spotlight in presidential campaigns as it once did. Libya, another country that continues to wrestle with internal problems as an outcome of western-led intervention, is also for the most part forgotten.

The US’s reputation of abandoning its allies is a sore point with many governments around the world. But most American voters may not remember, or even know about, Washington’s myriad mistakes on the global stage and the impact they continue to have today. This is primarily because large sections of American society care little about these misadventures. Some of this is reflected in the biased and self-serving coverage of these issues in many of the mainstream US media outlets.

Of course, the ongoing wars – and the respective candidates’ policy prescriptions to resolve them – are likely to help some voters make up their mind on who to vote for in November.

Mr Trump has hinted at new proposals to end the war in Ukraine, but he will probably address the issue with caution to avoid appearing pro-Russia. While many Americans question the US-led support for Kyiv, there is also widespread and deep-rooted suspicion of Moscow’s strategic aims.

Ms Harris will conceivably boast of the Biden-Harris administration’s success in strengthening Nato in its bid to counter Russia. She is also likely to accuse Mr Trump of being friendly with strongmen around the world.

Mr Trump will repeat his claim that if he had been in power, neither the Ukraine war nor the Gaza conflict would have erupted. He will present himself as the candidate with a roadmap to end the Ukraine conflict, probably proposing a deal to prevent Kyiv’s Nato membership and balance its territorial integrity with the identity of those areas that Moscow insists must remain under its control.

Russian President Vladimir Putin has half-jokingly endorsed Kamala Harris for US president. AFP
Russian President Vladimir Putin has half-jokingly endorsed Kamala Harris for US president. AFP

On the issue of Israel and its war on Gaza, both candidates will probably attempt to woo the Jewish-American vote. They will look to prove their loyalty towards Israel by pledging to continue providing military and financial support to it while condemning Hamas for its actions on October 7.

Ms Harris may reaffirm her commitment to Palestinian self-determination and dignity while acknowledging the war’s heavy toll on Palestinian civilians. Mr Trump, on the other hand, will probably focus on empowering Israel to “finish the job” and eliminate Hamas, as it sees fit. He is unlikely to commit to a two-state solution, and while Ms Harris may avoid wholeheartedly endorsing it, she will reaffirm her commitment to the principle if asked.

America, in real terms, seems to be abandoning the two-state solution. Washington no longer challenges Israeli Prime Minister Benjamin Netanyahu on the issue, despite his government’s rejection of a Palestinian state alongside Israel.

Leaders around the world will watch the debate with the expectation that, eventually, Ms Harris will win the presidency. The Vice President has attempted to position herself as more adaptable and agile than Mr Trump, who is nearly 18 years her senior. In the process, she has captured global attention, particularly with some of the initial enthusiasm for Mr Trump having waned.

If we were to examine Russian President Vladimir Putin’s tone when he recently said that he supports Ms Harris for president, we would be able to see that he was only half-joking. There is little doubt that governments in countries such as Russia and China have begun planning for a possible Harris administration.

The greatest gift Mr Trump could give Ms Harris during the debate, therefore, would be to underestimate her as a serious candidate.

No_One Ever Really Dies

N*E*R*D

(I Am Other/Columbia)

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
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

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

SPECS
%3Cp%3EEngine%3A%20Supercharged%203.5-litre%20V6%0D%3Cbr%3EPower%3A%20400hp%0D%3Cbr%3ETorque%3A%20430Nm%0D%3Cbr%3EOn%20sale%3A%20Now%0D%3Cbr%3EPrice%3A%20From%20Dh450%2C000%0D%3Cbr%3E%3C%2Fp%3E%0A
The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

THE%20FLASH
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Abu%20Dhabi%E2%80%99s%20Racecard
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ABU%20DHABI%20CARD
%3Cp%3E%3Cstrong%3E5pm%3A%20%3C%2Fstrong%3EWathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(Turf)%202%2C200m%0D%3Cbr%3E%3Cstrong%3E5.30pm%3C%2Fstrong%3E%3A%20Rub%20Al%20Khali%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(T)%201%2C400m%0D%3Cbr%3E%3Cstrong%3E6pm%3A%20%3C%2Fstrong%3EAl%20Marmoom%20Desert%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(T)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E6.30pm%3A%20%3C%2Fstrong%3ELiwa%20Oasis%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C400m%0D%3Cbr%3E%3Cstrong%3E7pm%3A%20%3C%2Fstrong%3EAl%20Khatim%20Desert%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E7.30pm%3A%3C%2Fstrong%3E%20Al%20Quadra%20Desert%20%E2%80%93%20Handicap%20(TB)%20Dh80%2C000%20(T)%201%2C600m%3C%2Fp%3E%0A
The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 240hp at 5,500rpm

Torque: 390Nm at 3,000rpm

Transmission: eight-speed auto

Price: from Dh122,745

On sale: now

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Updated: September 10, 2024, 1:41 PM