US President Donald Trump angrily defended his administration's response to the coronavirus outbreak on Monday in a contentious news conference at the White House in which he claimed “total” authority.
In response to questions about the rights of states to react to the crisis, which has killed more than 23,000 Americans, the president said he had the ultimate authority to re-open the largely dormant economy.
"The president of the United States calls the shots. If we weren't here for the states, you'd have had a problem in this country like you've never seen before," Mr Trump said.
"When somebody is the president of the United States, the authority is total, and that's the way it's got to be. ... It's total. The governors know that."
Mr Trump’s comments came as 10 US governors on the east and west coasts banded together in two regional pacts to co-ordinate gradual economic re-openings.
Coronavirus around the world
The governors, all Democrats except for Charlie Baker of Massachusetts, gave no timeline for ending social lockdowns that have restricted the movements of the vast majority of more than 100 million residents in their states.
But they said that decisions about when and how to reopen non-essential businesses, along with schools and universities, would put the health of residents first and rely on science rather than politics.
The announcements came as signs emerged that the crisis had peaked. At least 1,500 new US fatalities were reported on Monday, below last week's running tally of roughly 2,000 deaths every 24 hours.
Likewise, the number of additional confirmed cases counted on Monday, about 23,000, was well below last week's trend of 30,000 to 50,000 new cases a day.
Mr Trump, who said a plan to open businesses again would be completed shortly, interrupted his daily briefing to play a campaign-style video that highlighted his actions to tackle the virus and included clips of Democratic and Republican governors praising his efforts.
Challenged by journalists on what action his administration took to halt the spread of the virus in February, which was not shown in the video, Mr Trump deflected, instead attacking CBS News and other news outlets’ “approval rating”.
Mr Trump was also at pains to show a positive relationship with the director of the National Institute of Allergy and Infectious Diseases Dr Anthony Fauci, after retweeting a call to fire him on Sunday.
Dr Fauci earlier said lives could have been saved if the country had shut down sooner.
At the briefing on Monday, Dr Fauci said he was answering a hypothetical question in the television interview and made it clear that Mr Trump had listened to him when he recommended mitigation efforts.
Mr Trump said he and Dr Fauci had been on the same page "from the beginning" and declared he liked the respected doctor.
"I think he's a wonderful guy," Mr Trump said, while adding that not everyone was happy with the health expert.
MATCH INFO
Euro 2020 qualifier
Fixture: Liechtenstein v Italy, Tuesday, 10.45pm (UAE)
TV: Match is shown on BeIN Sports
TOURNAMENT INFO
Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia
UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri
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
Tips%20for%20holiday%20homeowners
%3Cp%3EThere%20are%20several%20factors%20for%20landlords%20to%20consider%20when%20preparing%20to%20establish%20a%20holiday%20home%3A%3C%2Fp%3E%0A%3Cul%3E%0A%3Cli%3E%3Cstrong%3ERevenue%20potential%20of%20the%20unit%3A%3C%2Fstrong%3E%20location%2C%20view%20and%20size%3C%2Fli%3E%0A%3Cli%3E%3Cstrong%3EDesign%3A%20furnished%20or%20unfurnished.%3C%2Fstrong%3E%20Is%20the%20design%20up%20to%20standard%2C%20while%20being%20catchy%20at%20the%20same%20time%3F%3C%2Fli%3E%0A%3Cli%3E%3Cstrong%3EBusiness%20model%3A%3C%2Fstrong%3E%20will%20it%20be%20managed%20by%20a%20professional%20operator%20or%20directly%20by%20the%20owner%2C%20how%20often%20does%20the%20owner%20wants%20to%20use%20it%20for%20personal%20reasons%3F%3C%2Fli%3E%0A%3Cli%3E%3Cstrong%3EQuality%20of%20the%20operator%3A%3C%2Fstrong%3E%20guest%20reviews%2C%20customer%20experience%20management%2C%20application%20of%20technology%2C%20average%20utilisation%2C%20scope%20of%20services%20rendered%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3E%3Cem%3ESource%3A%20Adam%20Nowak%2C%20managing%20director%20of%20Ultimate%20Stay%20Vacation%20Homes%20Rental%3C%2Fem%3E%3C%2Fp%3E%0A