US President Joe Biden, Japanese Prime Minister Yoshihide Suga, Australian Prime Minister Scott Morrison and Indian Prime Minister Narendra Modi during their virtual meeting last week. Bloomberg
US President Joe Biden, Japanese Prime Minister Yoshihide Suga, Australian Prime Minister Scott Morrison and Indian Prime Minister Narendra Modi during their virtual meeting last week. Bloomberg
US President Joe Biden, Japanese Prime Minister Yoshihide Suga, Australian Prime Minister Scott Morrison and Indian Prime Minister Narendra Modi during their virtual meeting last week. Bloomberg
Should swiftly vaccinating as many people as possible be an endeavour that brings us all together, around the world? Or is it in reality yet another arena for political one-upmanship and great power contestation?
China's President Xi Jinping was quite clear when he addressed the World Health Assembly in May last year. The vaccines China developed, he announced, would be a "global public good". Shortly before, one of the country's top virologists, Major General Chen Wei, said their efforts would be a "contribution to humankind".
Plenty have reason to be grateful for the results so far. According to officials, by the end of February China had provided free vaccines to 69 countries and was selling doses to 28 more. Serbia – with a population of seven million – had received one and a half million Sinopharm vaccines by the middle of that month, with more promised. The UAE, which tested Sinopharm and found it 86 per cent effective, started rolling out free inoculations to the public in December.
Closer to home, last year Chinese companies committed to supplying Indonesia with 250 million doses through 2021. Beijing took a clear early lead in manufacturing and distribution, with the added plus that all its vaccines can be stored in refrigerators, unlike those produced by Pfizer, which must be kept at between -80°C to -60°C.
With some notable exceptions, such as the UK, western countries were by contrast slow off the mark in placing orders for vaccines, quarrelled about who should get what once vaccines were available, and were accused of hoarding a surplus of doses sufficient to inoculate every adult in the whole of Africa. Under former president Donald Trump, the US stood alone and prevented international access to American-produced doses.
Some countries had reservations about the Chinese vaccines, but as Yanzhong Huang of the US Council on Foreign Relations wrote in a recent essay, America’s abdication of pandemic orchestration meant that “Beijing filled a leadership void that Washington left open".
Now there appears to be a politicalpushback. Although the International Olympic Committee has accepted China's offer to supply all participants in this summer's Tokyo games with vaccines, the Olympic Minister, Tamayo Marukawa, has said that Japanese athletes would not accept them. A polite explanation for this could be that Japan has very low rates of confidence in vaccines in general – under 30 per cent believe they are safe and effective, one survey found.
Sinopharm vaccine efficacy rate was revised to 79 per cent, following trials in multiple countries. AP Photo
But Japan is also one of the four members of the "Quad" group, along with the US, India and Australia, which had its first ever heads of government meeting last week, at which they announced they would supply up to a billion vaccine doses across "the Indo-Pacific region" by the end of 2022.
These will be made in India and guided by a Quad Vaccine Experts Working Group that, as the countries' four leaders put it in an op-ed in The Washington Post, "brings together the sharpest scientific leaders from Australia, India, Japan and the United States to meet the region's pressing needs".
They listed potential partners in Asia and the Pacific, but there was no mention of co-operation with China; and given that the Quad's main purpose is to counter Beijing – without that ever being expressed quite so explicitly – the vaccine plan is naturally being seen as part of an effort to compete with and contain China. A benign take would be that the more doses produced, the better, but I do not think that making vaccination distribution a geopolitical contest is to be welcomed.
A prayer ceremony for the victims of the 2004 tsunami at Marina Beach in Chennai in 2019. The Quad has its roots in its four member countries coming together to respond to the disaster that killed over 200,000 people. Reuters
Quad was reborn in 2017 – but, as they don't say, it was reborn as something different
It didn’t have to be like this. The Quad, as its current leaders concede, has its roots in the four member countries coming together to respond to the 2004 tsunami that killed over 200,000 people and caused a humanitarian crisis in many Indian Ocean littoral states. After a long pause, it was “reborn in 2017” – but, as they don’t say, it was “reborn” as something quite different. It has since focused almost exclusively on security issues, and aims for a “free, open, resilient and inclusive… Indo-Pacific” in which “all countries are able to make their own political choices, free from coercion”.
“In recent years, that vision has increasingly been tested,” they say. The question “by whom?” needs no answer.
Many see the Quad being the core of an alliance of western-orientated democracies as problematic in itself. As a recent Carnegie Endowment for International Peace commentary points out: “If other countries in Asia view the Quad as little more than a talk shop to discuss the looming risks posed by China’s rise while occasionally holding joint military exercises, it is unlikely that other countries will see its utility or view it as a model for their own choices and conduct.”
Boxes of the AstraZeneca vaccine, manufactured by the Serum Institute of India and provided through the global Covax initiative, arrive in Mogadishu this week. AP Photo
But there is a wider point. The Quad’s current trajectory is a manifestation of a binary approach that is dialling up, not down, tensions in Asia. Another course was set out in an enlightened paper by the Quincy Institute for Responsible Statecraft this January, which called for “an inclusive, stable order in East Asia designed to manage shared, top-priority challenges such as climate change and pandemics”, in which “some initiatives should be jointly led by the United States and China… as a signal that the two sides are committed to working together to promote peace, stability and prosperity in Asia".
If working together to ensure all countries in the region receive full vaccine coverage isn’t a prime example of just such an initiative, I don’t know what is. This isn’t just a matter of how a fading superpower can rub along with a rising one, vital though that is. It is also that, to quote UN Secretary General Antonio Guterres: “At this critical moment, vaccine equity is the biggest moral test before the global community.”
So the Quad’s target of one billion vaccines is good news – but if, and only if, they are willing to work with everyone, including China, to make the region – and by extension the world – safe. As far as is possible, seeking geopolitical advantage should have no place in this time of pandemic.
Sholto Byrnes is an East Asian affairs columnist for The National
About Karol Nawrocki
• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.
• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.
• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.
• Met Donald Trump at the White House and received his backing.
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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
2020 Oscars winners: in numbers
Parasite – 4
1917– 3
Ford v Ferrari – 2
Joker – 2
Once Upon a Time ... in Hollywood – 2
American Factory – 1
Bombshell – 1
Hair Love – 1
Jojo Rabbit – 1
Judy – 1
Little Women – 1
Learning to Skateboard in a Warzone (If You're a Girl) – 1
Marriage Story – 1
Rocketman – 1
The Neighbors' Window – 1
Toy Story 4 – 1
The biog
Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.
His advice to anyone starting out in business is to have no fear as life is about taking on challenges.
“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.
"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”
Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.
He relaxes by spending time with his family at home, and enjoying his wife’s India cooking.
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
Option 1: 70% in year 1, 50% in year 2, 30% in year 3
Option 2: 50% across three years
Option 3: 30% across five years
Terminal High Altitude Area Defense (THAAD)
What is THAAD?
It is considered to be the US' most superior missile defence system.
Production:
It was first created in 2008.
Speed:
THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.
Abilities:
THAAD is designed to take out projectiles, namely ballistic missiles, as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".
Purpose:
To protect high-value strategic sites, such as airfields or population centres.
Range:
THAAD can target projectiles both inside and outside of the Earth's atmosphere, at an altitude of 93 miles above the Earth's surface.
Creators:
Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.
UAE and THAAD:
In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then deployed them in 2016, becoming the first Gulf country to do so.
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), EsekaiaDranibota (Harlequins), Matt Mills (Exiles), JaenBotes (Exiles), KristianStinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), EmosiVacanau (Harlequins), NikoVolavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), ThinusSteyn (Exiles)