French President Emmanuel Macron and new US President Joe Biden are in agreement on a number of issues from Covid-19 to climate change and intend to work together in the Middle East, the Elysee Palace has said.
Speaking in the first phone call since Mr Biden took office last week, the pair discussed the situation in Lebanon and the Iran nuclear deal that previous president Donald Trump walked out of in 2018.
The White House said Mr Biden and Mr Macron also discussed cooperation on China, the Middle East, Russia and the Sahel.
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Joe Biden in the Middle East - in pictures
Over the course of the hour-long call in English, the pair expressed “willingness to act together for peace and stability in the near and Middle East, particularly on the Iranian nuclear issue and the situation in Lebanon,” Elysee Palace said on Sunday.
Mr Macron had already lauded Mr Biden's decision to return to the Paris climate accord and the pair said they “hoped that the US return to the Paris Agreement would open up a new stage of action so that the international community could concretely live up to its commitments.”
Former US President Donald Trump formally pulled the United States out of the Paris climate accord in November last year, claiming it "was designed to kill the American economy" rather than save the environment.
Describing France as America's "oldest ally," a White House statement added that Mr Biden had pledged close coordination with Paris on climate change, Covid-19 and the global economy.
It said Mr Biden "stressed his commitment to bolstering the transatlantic relationship, including through Nato and the United States' partnership with the European Union."
The call was the US leader's latest effort to mend relations with Europe after they were badly strained under Mr Trump.
Mr Macron had initially attempted to forge a close relationship with Mr Trump, but the two later were frequently at odds over Syria, US tariffs and the US president’s withdrawal from the Paris climate accord -- which Mr Biden moved to re-enter on his first day in office.
Mr Biden spoke on Saturday with British Prime Minister Boris Johnson, and the two vowed to deepen cooperation and work together to tackle climate change, the prime minister's office said.
That call was Mr Biden's first to a European leader, according to British newspapers.
His first call to any foreign leader went to Prime Minister Justin Trudeau of Canada on Friday, followed by President Andres Manuel Lopez Obrador of Mexico.
Mr Biden has vowed to return to a more traditional US diplomacy built around close ties to the two North American partners, Western Europe and Asian allies such as Japan and South Korea.
Europeans have responded with expressions of relief, tempered by some doubts that the US is as reliable a friend as it was in the past.
Ursula von der Leyen, president of the European Council, said after Mr Biden's inauguration on Wednesday that the quadrennial ceremony had provided "resounding proof that, once again, after four long years, Europe has a friend in the White House."
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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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
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