Dire warning from Nobel Peace Prize winner: 270 million on the brink of starvation


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Hundreds of millions of people are facing starvation worldwide, the head of the United Nations’ World Food Programme (WFP) said after the 2020 Nobel Peace Prize ceremony on Thursday.

David Beasley, the WFP’s executive director, said officials were already having to decide “which children die and which do not”.

The WFP was named as the winner of the Nobel Peace Prize in October. Instead of the usual ceremony at the Oslo City Hall before dignitaries including Norway's King Harald, the award was presented in Rome at the WFP headquarters because of the coronavirus pandemic.

Mr Beasley said 200 million people – equivalent to the combined populations of Britain, Germany, France and Italy – were on the brink of famine.

“Because of so many wars, climate change, the widespread use of hunger as a political and military weapon, and a global health pandemic that makes all of that exponentially worse – 270 million people are marching towards starvation," he said.

"Failure to address their needs will cause a hunger pandemic which will dwarf the impact of Covid. And if that's not bad enough, out of that 270 million, 30 million depend on us 100 per cent for their survival.”

The WFP provides food assistance to 100 million people in 88 countries. It was recognised by the Nobel committee “for its efforts to combat global hunger, its efforts in bringing peace in conflict areas and acting as a driving force to prevent the use of hunger as a weapon”.

World Food Programme chief David Beasley warns millions are on the brink of famine at the Nobel Peace Prize ceremony in Rome.
World Food Programme chief David Beasley warns millions are on the brink of famine at the Nobel Peace Prize ceremony in Rome.

But Mr Beasley said the WFP was underfunded and needed an additional $5 billion to meet the world’s food needs.

“What tears me up inside is this: this coming year millions and millions of my equals, your neighbours, my neighbours, are on the brink of starvation,” he said. “When we don’t have the money, we have to decide which children do not eat, which children die and which do not. How would you like that job?”

According to its website, the WFP received about $6.7bn in funding from donor nations in 2020.

WFP officials are expected to travel to Oslo at a later stage to deliver the traditional Nobel lecture. The remaining Nobel awards – for medicine, physics, chemistry, literature and economics, which are traditionally handed out in Stockholm – have been moved online.

The ceremonies are held every year on December 10, the anniversary of the death of Swedish industrialist Alfred Nobel, who founded the awards in his 1895 will.

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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