Tottenham striker Harry Kane is on holiday after Euro 2020.
Tottenham striker Harry Kane is on holiday after Euro 2020.
Tottenham striker Harry Kane is on holiday after Euro 2020.
Tottenham striker Harry Kane is on holiday after Euro 2020.

New manager Nuno Espirito Santo says Harry Kane is staying at Tottenham


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New Tottenham boss Nuno Espirito Santo says he has been told to count on having Harry Kane around next season, but Gareth Bale will not be returning.

The England captain is keen to leave this summer in order to further his career, but Spurs hold all of the power as the striker is under contract for another three years and have insisted all along that he is not for sale.

Kane, who is attracting interest from Manchester City, is currently on holiday following the Three Lions’ run to the Euro 2020 final and he is not due back for pre-season until August 2.

Nuno, who is yet to speak to the player since his appointment, revealed it had been suggested to him that Kane would not be sold.

He also confirmed that Bale will not be coming back, having spent last term on loan from Real Madrid.

Nuno said bluntly on the Wales international: “He will not be part of our squad.”

On Kane, he added: “All the conversations that we had, all of the squad that we have available – and we have a lot of good players – I can count on. I am counting on each and every one of them.

“I had a lot of meetings, we spoke about a lot of things. But one thing is for sure, what we speak about between us, stays between us.

“What I can say about that is Harry Kane is one of the best football players in the world and he’s with us, he’s our player, he’s Tottenham’s player. That can make us very proud.”

Speaking to Kane might have been high on Nuno’s list of priorities as soon as he got the job earlier this month, but he decided to give his player space during the Euro 2020 tournament.

“I didn’t speak to any of the players in national teams, no one,” he said. “Because I believe if I was on the other side it would be disrespectful.

“I think the players in the national team should be focused on the national team. He has a hard job to do, totally committed to the national team, obviously, so this is why I decided not to speak to any of them.

“I will speak when they arrive. This is the right moment in our own building, face to face, sitting down and to prepare our future together.”

Nuno came into the job 72 days after Jose Mourinho was sacked amid a chaotic recruitment process that saw Spurs go through an extensive list of candidates.

Erik Ten Hag, Mauricio Pochettino and Antonio Conte all held talks, Paulo Fonseca was about to get the job until Gennaro Gattuso was lined up, only to be ditched after a negative fan reaction.

That ended up with the former Wolves boss, who was clearly not first choice, being appointed earlier this month.

The 48-year-old is not perturbed about what happened before he arrived, though. He said: “I cannot speak about what happened. What I can tell you, I am so proud.

“The moment I had the phone call that I had a chance to have a meeting with Tottenham, everything changed. Everything in my perspective changed. I am where I wanted to be. Where I wished to be.

“So this is what I’m delighted of. The concerns around the club, it’s normal. All the expectations around big clubs are huge and you have to be prepared for that.

“But the way you prepare yourself is to ignore all the noise, focus on the things you have to control and what I can control is to prepare the players and this is what I’m doing on a daily basis.

“Every moment of the training session I’m looking to find the best way.”

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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

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

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What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

The Kingfisher Secret
Anonymous, Penguin Books

Leading all-time NBA scorers

Kareem Abdul-Jabbar 38,387
Karl Malone 36,928
Kobe Bryant 33,643
Michael Jordan 32,292
LeBron James 31,425
Wilt Chamberlain 31,419

RESULTS

Argentina 4 Haiti 0

Peru 2 Scotland 0

Panama 0 Northern Ireland 0

Updated: July 17, 2021, 10:36 AM