Prague says it has become too reliant on tourism. Getty Images
Prague says it has become too reliant on tourism. Getty Images
Prague says it has become too reliant on tourism. Getty Images
Prague says it has become too reliant on tourism. Getty Images

Europe looks beyond mass tourism: Amsterdam aims to restore identity as Prague seeks cultured visitors


Tim Stickings
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European cities announced plans to curtail mass tourism after the pandemic with Prague seeking cultural visitors instead of partygoers and Amsterdam looking to "restore its true identity".

City leaders said the empty streets brought about by the Covid-19 crisis exposed how urban areas were too dependent on foreign tourists, who were already becoming a nuisance.

Hana Trestikova, a member of Prague’s city council, said the city wanted “tourists that are more focused on the cultural”, instead of the crowds of foreign partygoers who visit the Czech capital.

“We can’t do this to the Prague citizens any more,” she said at an event hosted by the Barcelona Centre for International Affairs on Friday.

“We found that the city centre was very vulnerable because it was focused only on tourists and not so much on locals.”

Victor Everhardt, a deputy mayor of Amsterdam – a city that already has a tourist tax – said that "before the pandemic, many Amsterdam residents in the centre no longer felt at home in our own city".

The influx of tourists “caused a sense of alienation” and led to overcrowded streets, anti-social behaviour and an “unpleasant atmosphere”, he said.

Amsterdam residents were “avoiding certain areas” while grocery shops disappeared or struggled to survive, Mr Everhardt said.

“As Amsterdam is looking to restore its true identity, we see other cities in Europe doing the same. That is both encouraging and inspiring,” he said.

In Barcelona, unemployment jumped 60 per cent in the city’s old town during the pandemic, said deputy mayor Laia Bonet.

Half the residents in the central district are foreigners, including low-income and “very high-income” migrant populations, she said.

“Barcelona’s old town … has basically become a place to visit,” said Ms Bonet, who leads the city’s 2030 Agenda to transform the city in the next decade.

“Our city centre will not be able to survive other shocks if we don’t change the current economic and social model” to make the city “more liveable", she said.

We have to focus on [the] interests of Prague and of the local people

André Sobczak, a deputy mayor in the Nantes metropolitan area in France, said the city had taken the opportunity brought about by Covid-19 travel restrictions to encourage more local tourism.

“We want to have a new map that we can bring to our local citizens here and to invite them to see what is happening here,” he said.

Ms Trestikova said similar efforts in the Czech Republic were focused on "improving access to culture and the cultural heritage of Prague”.

She said the city was working on “telling locals that Prague has much to offer”.

Specific plans include improving the equivalent of London’s Oyster card, for travel on public transport, to “make cultural heritage more accessible to Prague residents”.

“We have to focus on [the] interests of Prague and of the local people, and do that as a priority,” she said.

Barcelona is also keen for people from nearby areas to “rediscover their own city centre” Ms Bonet said.

But the Catalan city is also planning to expand into new economic sectors, including the digital and energy fields, she said.

“Cities across Europe have increasingly become service-based economies that have flourished with mass tourism,” she said.

“For decades, it clearly worked. It created jobs and it brought money into the city.”

“However, the Covid crisis and the halt in global mobility have put an end to the vibrancy of our city centres.

"It happened so fast we cannot but ask ourselves whether we want to go back to normal, and in fact whether this normalcy was ever anything more than a facade."

A city centre with “people who live there, people who work there and of course people who visit us” is the aim of Barcelona’s plans, she said.

She also called for “reskilling programmes”, so that low-skilled hospitality workers could find new jobs in different industries.

Mr Everhardt, in Amsterdam, said the pandemic had “highlighted which neighbourhoods have become too dependent on visitors”.

“An economic monoculture focused on visitors is not only undesirable, but is also very vulnerable,” he said.

Specific plans include more housing and green spaces in the city centre and more room for cyclists and pedestrians, he said.

Amsterdam brought in restrictions on tourist shops, hotel developments and short-term holiday rentals in busy areas.

The city, famed for its canals and bicycles, wants to “make sure that not all neighbourhoods and streets look alike”, he said.

“They all have their unique and diverse qualities – a vibe of their own just like they had before the arrival of mass tourism.”

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

MATCH INFO

What: Brazil v South Korea
When: Tonight, 5.30pm
Where: Mohamed bin Zayed Stadium, Abu Dhabi
Tickets: www.ticketmaster.ae

RESULTS

1.30pm Handicap (PA) Dh 50,000 (Dirt) 1,400m

Winner AF Almomayaz, Hugo Lebouc (jockey), Ali Rashid Al Raihe (trainer)

2pm Handicap (TB) Dh 84,000 (D) 1,400m

Winner Karaginsky, Tadhg O’Shea, Satish Seemar.

2.30pm Maiden (TB) Dh 60,000 (D) 1,200m

Winner Sadeedd, Ryan Curatolo, Nicholas Bachalard.

3pm Conditions (TB) Dh 100,000 (D) 1,950m

Winner Blue Sovereign, Clement Lecoeuvre, Erwan Charpy.

3.30pm Handicap (TB) Dh 76,000 (D) 1,800m

Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.

4pm Maiden (TB) Dh 60,000 (D) 1,600m

Winner Bladesmith, Tadhg O’Shea, Satish Seemar.

4.30pm Handicap (TB) Dh 68,000 (D) 1,000m

Winner Shanaghai City, Fabrice Veron, Rashed Bouresly.

Australia men's Test cricket fixtures 2021/22

One-off Test v Afghanistan:
Nov 27-Dec 1: Blundstone Arena, Hobart

The Ashes v England:
Dec 8-12: 1st Test, Gabba, Brisbane
Dec 16-20: 2nd Test, Adelaide Oval, Adelaide (day/night)
Dec 26-30: 3rd Test, Melbourne Cricket Ground, Melbourne
Jan 5-9, 2022: 4th Test, Sydney Cricket Ground, Sydney
Jan 14-18: 5th Test, Optus Stadium, Perth

Scores

Oman 109-3 in 18.4 overs (Aqib Ilyas 45 not out, Aamir Kaleem 27) beat UAE 108-9 in 20 overs (Usman 27, Mustafa 24, Fayyaz 3-16, Bilal 3-23)

MATCH INFO

Liverpool 2 (Van Dijk 18', 24')

Brighton 1 (Dunk 79')

Red card: Alisson (Liverpool)

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

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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Young women have more “financial grit”, but fall behind on investing

In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.

While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.

In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all). 

“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”

Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.

"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."

Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa

Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia

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The Greatest Royal Rumble card as it stands

The Greatest Royal Rumble card as it stands

50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias

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Cruiserweight Championship Cedric Alexander v tba

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Engine: 2.0-litre four-cylinder turbo

Power: 178hp at 5,500rpm

Torque: 280Nm at 1,350-4,200rpm

Transmission: seven-speed dual-clutch auto

Price: from Dh209,000 

On sale: now

RESULT

Bournemouth 0 Southampton 3 (Djenepo (37', Redmond 45' 1, 59')

Man of the match Nathan Redmond (Southampton)