Nice // As the French presidential election veers from scandal to farce, the beleaguered centre-right candidate Francois Fillon is desperately fighting to stay in the race despite being enfeebled by imminent criminal charges and the mass defection of supporters.
Mr Fillon, previously favourite to take the socialist Francois Hollande’s place at the Elysee, was buoyed by a large turnout of sympathisers at the Paris Trocadero, in the shadow of the Eiffel Tower, on Sunday.
But he remains under strong pressure to stand down after learning last week that he faces formal investigation over payments, amounting to hundreds of thousands of euros, to his British wife Penelope and two of their adult children for allegedly fictitious work.
Leaders of his party, Les Republicains, held an emergency meeting on Monday night to discuss the crisis that threatens to divide the electorate and hand victory to either the far-right Front National leader Marine Le Pen or the centrist dark horse, Emmanuel Macron.
Mr Fillon insists no one has the power to force his withdrawal. He has apologised for “errors” but claims to be the victim of an attempted “political assassination”. In the event, party leaders voted unanimously to go on supporting him.
Underlining the sort of choices open to the French when they vote on April 23 in the first round of the election, Ms Le Pen is also embroiled in legal problems.
She could be prosecuted on any of four investigations into her own allegedly fictitious employment of staff, past election funding, personal tax declarations and the posting of images of ISIL violence on social media, which she defended as a response to unfair comparison between her anti-Islam, anti-immigration party and the terror group.
Mrs Fillon, who also faces possible prosecution, broke her silence at the weekend to declare support for her husband as the “only candidate with the experience, vision and programme to direct France”.
"I have told him, and tell him each day, he should fight to the end," she told the Sunday newspaper Le Journal du Dimanche. "It's for him to decide."
She denied any wrongdoing, insisting that the payments her husband made to her, one of their four sons and their daughter, all from public funds, were for work genuinely undertaken on his behalf.
Mr Fillon seemed certain to become president until the satirical newspaper Le Canard Enchaine revealed in January that he had paid his wife €831,440 (Dh3.2m) as a parliamentary assistant over a 15-year period. A total of €83,735 was paid to their daughter and one of her brothers, for legal work when neither was then practising in law. Mrs Fillon also received €100,000 for editorial functions for a literary magazine owned by one of her husband's friends.
The uncertainty surrounding the election deepened on Monday when Alain Juppe, the man seen by worried conservatives as the ideal replacement should Mr Fillon stand down, ruled himself out.
Mr Juppe, like Mr Fillon a former prime minister, acknowledged the chaos into which the elections had descended.
“Never in France’s fifth republic [established in 1958] has a presidential election taken place in such confusion,” he told a press conference in Bordeaux, the south-western city of which he is mayor.
The left was weakened and divided following Mr Hollande’s failure as president, he said, while Ms Le Pen was also entangled in legal troubles and Mr Macron was handicapped by “political immaturity” and a poor programme.
“And as for us, what a mess,” he added in a reference to Les Republicains, citing the “obstinacy” of Mr Fillon and his strategy of presenting the legal procedures against him as a conspiracy.
Amid intense debate about the suitability of the candidates, their competing proposals for addressing France’s economic and social problems risk being overlooked.
The reason hundreds of Mr Fillon’s natural allies have abandoned him is that he appears to have reneged on a promise to withdraw if charged. He admitted last week that this was the purpose of his summons before judges on March 15.
Many critics saw his Paris rally, attended by tens of thousands, as a challenge to the judicial system. Mr Fillon has a long record of condemning those who see the “law of the street” as superior to the rule of law.
He denies hypocrisy, saying the rally was in support of him, not an attack on the judges, and that his stance is justified by what he sees as the unfair timing of the legal process.
But recent opinion polls suggest he will be eliminated in the first round whereas Mr Juppe would have led the field.
In a further twist to this tangled tale of modern French politics, the former president Nicolas Sarkozy called on Monday for Mr Fillon and Mr Juppe to discuss with him a “dignified and credible” solution. And Francois Baroin, a former finance minister, emerged as the latest possible replacement for Mr Fillon.
It is hardly lost on commentators that Mr Fillon’s legal problems are not unprecedented.
Mr Juppe was given a suspended sentence in 2004 for his role in another bogus jobs scandal, though – as he noted yesterday – the court accepted this involved no personal gain. Mr Sarkozy is awaiting trial accused of illegally financing his unsuccessful 2012 presidential campaign.
foreign.desk@thenational.ae
Company%20profile%20
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UAE currency: the story behind the money in your pockets
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'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
The biog
Favourite books: 'Ruth Bader Ginsburg: A Life' by Jane D. Mathews and ‘The Moment of Lift’ by Melinda Gates
Favourite travel destination: Greece, a blend of ancient history and captivating nature. It always has given me a sense of joy, endless possibilities, positive energy and wonderful people that make you feel at home.
Favourite pastime: travelling and experiencing different cultures across the globe.
Favourite quote: “In the future, there will be no female leaders. There will just be leaders” - Sheryl Sandberg, COO of Facebook.
Favourite Movie: Mona Lisa Smile
Favourite Author: Kahlil Gibran
Favourite Artist: Meryl Streep
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
BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
Neymar's bio
Total club appearances 411
Total goals scored 241
Appearances for Barca 186
Goals scored for Barca 105
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
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.
Zayed Sustainability Prize
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
Know your camel milk:
Flavour: Similar to goat’s milk, although less pungent. Vaguely sweet with a subtle, salty aftertaste.
Texture: Smooth and creamy, with a slightly thinner consistency than cow’s milk.
Use it: In your morning coffee, to add flavour to homemade ice cream and milk-heavy desserts, smoothies, spiced camel-milk hot chocolate.
Goes well with: chocolate and caramel, saffron, cardamom and cloves. Also works well with honey and dates.
Series result
1st ODI Zimbabwe won by 6 wickets
2nd ODI Sri Lanka won by 7 wickets
3rd ODI Sri Lanka won by 8 wickets
4th ODI Zimbabwe won by 4 wickets
5th ODI Zimbabwe won by 3 wickets