BEIJING // Taiwan has decided not to deploy a new rocket system on islands close to China, according to reports, a move interpreted as a further sign of the warming of relations between Taipei and Beijing.
The news, reported in a Taipei daily paper, comes a fortnight after the two sides deepened ties by signing an agreement over drug development and disease outbreaks, the latest in a string of deals.
Analysts are watching to see if Beijing reciprocates by reducing its battery of more than 1,500 missiles aimed at Taiwan, with concessions from the mainland likely to aid the Taiwanese president, Ma Ying-jeou, in his 2012 re-election bid.
According to the China Times, Taiwan's new Ray Ting 2000 rocket system will not be stationed on the Kinmen island group, which lies just a few kilometres from the coast of mainland China. The rocket system has been developed over the past decade and Taiwan will start mass-producing the weapons later this year, Agence France-Presse reported the newspaper as saying.
More than 50 systems are due to be produced, costing 14.5 billion Taiwan dollars (Dh1.83bn), with each able to fire up to 40 rockets within a minute. The system is said to be good for stopping enemy amphibious craft before they reach land.
Ding Xueliang, a foreign affairs analyst at Hong Kong University of Science and Technology, called the news "a positive sign of much-reduced hostility between the two sides". But he said it was unclear whether Beijing would respond.
Cutting its missile tally would require, he said, the agreement of the military and "a great majority" of the nine members of China's central politburo. The support of either was uncertain, he said. "The military leadership, they perhaps would argue that a reduction in missiles may send the wrong message to independence forces in Taiwan or a wrong message to the US and Japan. These arguments have been made several times before," he said.
Taiwan has built up its defence research and development and manufacturing capabilities because few countries apart from the US will sell it weapons for fear of upsetting China, which claims Taiwan as its own. Nationalist forces fled to the island in 1949 when the communists took control of the mainland.
Early last year, Taiwan purchased US$6.4 billion (Dh23.51bn) worth of Patriot missiles, mine-hunting ships and Black Hawk helicopters from the US. While China protested this agreement, analysts believe Beijing has strengthened the hardware it directs at Taiwan as part of a wider military build-up that saw double-digit increases in defence spending every year between 1989 and 2009. Reports from mid-2010 indicated Beijing was looking last year to add several hundred missiles to about 1,600 it already had targeted at the island, despite a warming of relations since the mainland-friendly Mr Ma took office in May 2008. Observers say Beijing is keen for Mr Ma to stay in power in the hope this would improve the likelihood of talks over the island's status.
If China reduced its Taiwan-targeted arsenal, this would likely improve the nationalist Mr Ma's 2012 electoral prospects against the opposition Democratic Progressive Party, which is more suspicious of deepening ties with Beijing.
However, Wong Yiuchung, a professor of political science at Lingnan University, said Taiwan's move with the Ray Ting 2000 was probably insufficient to prompt Beijing to reduce its missile numbers.
He said China's "impatience" over the absence of negotiations meant further concessions from Taiwan were required. While China and Taiwan have agreed to deals to ease trade and transit, Mr Ma has indicated talks on the island's status will not take place before 2012.
"I think Beijing will not be satisfied with this gesture [with the missiles]," he said. "Beijing does not want the relationship to deteriorate, but they want more from Ma, because the mainland has already given too many concessions to Ma and they've not got much in return."
dbardsley@thenational.ae
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
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(Interscope)
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
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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
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
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)