• New Zealand Prime Minister Jacinda Ardern speaks at the Labour Party election night event in Auckland. Reuters
    New Zealand Prime Minister Jacinda Ardern speaks at the Labour Party election night event in Auckland. Reuters
  • Labour Party leader and New Zealand Prime Minister Jacinda Ardern and her finance Clarke Gayford look on after she claimed victory during the election night function. Getty Images
    Labour Party leader and New Zealand Prime Minister Jacinda Ardern and her finance Clarke Gayford look on after she claimed victory during the election night function. Getty Images
  • Supporters gather to hear Labour Party leader and New Zealand Prime Minister Jacinda Ardern claim victory during the election night function. Getty Images
    Supporters gather to hear Labour Party leader and New Zealand Prime Minister Jacinda Ardern claim victory during the election night function. Getty Images
  • Labour party supporters react as Leader Jacinda Ardern arrives to claim victory. AFP
    Labour party supporters react as Leader Jacinda Ardern arrives to claim victory. AFP
  • Labour party supporters react as Leader Jacinda Ardern arrives to claim victory. EPA
    Labour party supporters react as Leader Jacinda Ardern arrives to claim victory. EPA
  • National leader Judith Collins concedes the 2020 New Zealand General Election, following Labour's Jacinda Ardern's victory. Getty Images
    National leader Judith Collins concedes the 2020 New Zealand General Election, following Labour's Jacinda Ardern's victory. Getty Images
  • Green Party Candidate for Auckland Chloe Swarbrick looks on during the Greens Party Election Function at Grid X on October 17, 2020 in Auckland. Getty Images
    Green Party Candidate for Auckland Chloe Swarbrick looks on during the Greens Party Election Function at Grid X on October 17, 2020 in Auckland. Getty Images
  • Voters stand in line at the Aro Valley Community Centre polling station during the New Zealand General Election in Wellington. Bloomberg
    Voters stand in line at the Aro Valley Community Centre polling station during the New Zealand General Election in Wellington. Bloomberg
  • Voters stand in line at a polling station during the New Zealand General Election in Auckland, New Zealand. Bloomberg
    Voters stand in line at a polling station during the New Zealand General Election in Auckland, New Zealand. Bloomberg
  • Voters receive their ballot papers from election officials at a polling station during the New Zealand General Election in Auckland. Bloomberg
    Voters receive their ballot papers from election officials at a polling station during the New Zealand General Election in Auckland. Bloomberg
  • Voters receive their ballot papers from election officials at a polling station during the New Zealand General Election in Auckland. Bloomberg
    Voters receive their ballot papers from election officials at a polling station during the New Zealand General Election in Auckland. Bloomberg
  • New Zealand Labour Party leader Jacinda Ardern's partner Clarke Gayford delivers home cooked food to the media waiting outside their house. Getty Images
    New Zealand Labour Party leader Jacinda Ardern's partner Clarke Gayford delivers home cooked food to the media waiting outside their house. Getty Images

New Zealand election: Jacinda Ardern wins landslide


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Prime Minister Jacinda Ardern delivered a landslide win and a second term in office on Saturday in New Zealand’s general election.

The mandate means Ms Ardern, 40, could form the first single-party government in decades, and face the challenge of delivering on the progressive transformation she promised but failed to deliver in her first term, where Labour shared power with a nationalist party.

On the news, Ms Ardern said it delivered a mandate to accelerate her government's response and recovery plans for Covid-19.

“We will build back better from the Covid crisis. Better, stronger, with an answer to the many challenges New Zealand already faced," she said.

Ms Ardern has built an image as a compassionate leader – likened by some as almost the antithesis of US President Donald Trump.

“We are living in an increasingly polarised world, a place where more and more people have lost the ability to see one another’s point of view. I hope that this election, New Zealand has shown that this is not who we are ... Elections aren’t always great at bringing people together, but they also don’t need to tear one another apart,” she said.

The result, the best for Labour in decades, represented "a historic shift," said political commentator Bryce Edwards of Victoria University in Wellington. He described the vote as one of the biggest swings in New Zealand's electoral history in 80 years.

Labour was on track to win 64 of the 120 seats in the country's unicameral parliament, the highest by any party since New Zealand adopted a proportional voting system in 1996.

If Labour wins more than half the seats, Ms Ardern could form the first single-party government under the current system.

Ms Ardern came out of her home in Auckland, waved and hugged gathered supporters. Opposition National Party leader Judith Collins said she had called the prime minister to congratulate her for an "outstanding result", and added that it was always "going to be tough".

But, she said, three years will be over "in a blink of an eye" and vowed the party would be back.

Labour had 49.0 per cent of the votes, far before National at 27 per cent, the Electoral Commission said, with 77 per cent of ballots counted in an election that was largely a referendum on Ms Ardern's aggressive handling of Covid-19.

New Zealand Labour Party leader Jacinda Ardern's partner Clarke Gayford delivers home-cooked food to the media waiting outside their house. Getty Images
New Zealand Labour Party leader Jacinda Ardern's partner Clarke Gayford delivers home-cooked food to the media waiting outside their house. Getty Images

"People were very grateful and very happy with how we’ve handled Covid, they like the shape of the plan that we’ve got going forward from here for the economy," said Finance Minister Grant Robertson, a top Labour MP.

Geoffrey Miller, an analyst at political website Democracy Project, said the victory was "very much a personal triumph for Jacinda Ardern's 'superstar' popularity and brand."

Of Ardern's current coalition partners, the nationalist New Zealand First Party had 2.6 per cent and the Green Party 7.6 per cent.

If she is unable to form a Labour-only government, she is expected to continue to rely on the minor Greens while jettisoning New Zealand First.

A Labour-Green coalition would be the first fully left-leaning government since the 1970s, a scenario that National's Ms Collins warned would mean more taxes and an environment hostile to business.

Ms Ardern has pledged to raise taxes on top earners, while Ms Collins promised short-term tax cuts, but they have otherwise shown few major differences on policy.

The prime minister won global acclaim for her handling of a mass shooting last year by a white supremacist in Christchurch, with her inclusive "be strong, be kind" mantra and swift action to ban guns.

She burnished that reputation this year with a "go hard, go early" approach to the new coronavirus, which has eliminated locally spread Covid-19 in the nation.

The election was delayed by a month after new Covid-19 infections in Auckland, that led to a second lockdown in the country's largest city.

While known internationally for promoting progressive causes such as women's rights and social justice, at home Ardern faced criticism that her government failed on a promise to be transformational.

Life is back to normal in New Zealand, but its borders are still shut, its tourism sector is bleeding and economists predict a lasting recession after the harsh lockdowns.

The economy shrank at a 12.2 per cent annual clip in the second quarter, its steepest drop since the Great Depression. Debt is forecast to rise to 56 per cent of gross domestic product from less than 20 per cent before the pandemic.

New Zealanders also voted on Saturday in referendums to legalise euthanasia and recreational marijuana, with results to be announced on October 30. The latter vote could make New Zealand only the third country in the world to allow the adult use and sale of cannabis nationwide, after Uruguay and Canada.

KYLIAN MBAPPE 2016/17 STATS

Ligue 1: Appearances - 29, Goals - 15, Assists - 8
UCL: Appearances - 9, Goals - 6
French Cup: Appearances - 3, Goals - 3
France U19: Appearances - 5, Goals - 5, Assists - 1

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

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

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends