US secretary of state Hillary Clinton (right) speaks with US ambassador to the United Nations Susan Rice (left) at a UN Security Council meeting on the crisis in Syria.
US secretary of state Hillary Clinton (right) speaks with US ambassador to the United Nations Susan Rice (left) at a UN Security Council meeting on the crisis in Syria.
US secretary of state Hillary Clinton (right) speaks with US ambassador to the United Nations Susan Rice (left) at a UN Security Council meeting on the crisis in Syria.
US secretary of state Hillary Clinton (right) speaks with US ambassador to the United Nations Susan Rice (left) at a UN Security Council meeting on the crisis in Syria.

White House releases Benghazi emails, seeks to defuse controversy


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WASHINGTON // The White House yesterday sought to defuse controversy over its handling of last year's killing of four Americans in Benghazi, releasing emails that show how Obama administration officials presented a scrubbed-down version of the attacks to the public.

The documents gave a glimpse into the administration's message control as officials carefully debated via email which details US Ambassador to the United Nations Susan Rice should highlight when she went on talk shows five days later to discuss the September 11 assault on the US mission in Benghazi, Libya.

There was little in the roughly 100 pages of emails about Ms Rice's "talking points" that had not been leaked previously.

They included an email confirming perhaps the most damaging charge that administration officials removed mention from Ms Rice's talking points that the CIA had warned of an Al Qaeda threat in the area of the eastern Libyan city before the attacks.

The exchange between White House, State Department and intelligence officials showed the talking points went through a series of revisions that scrubbed them of references to terror warnings before Ambassador Chris Stevens and three other Americans were killed.

While awkward for the White House, releasing the emails was an effort to counter complaints from Republicans and the media that President Barack Obama's administration is secretive.

It came as the government was battling criticism on several fronts, including a scandal over the Internal Revenue Service's targeting of conservative groups for special scrutiny.

In the Benghazi emails, then-State Department spokeswoman Victoria Nuland raised concerns about references to intelligence about the threat from militants in eastern Libya.

Ms Nuland wrote that she had "serious concerns" that the talking points would provide members of Congress with material to "beat the State Department for not paying attention to [Central Intelligence] Agency warnings" about threats in the region.

Those references were deleted from the final talking points that Ms Rice used on the Sunday morning talk shows on September 16.

Ms Nuland noted in one of her emails that changes during the draft process "don't resolve all my issues or those of my building leadership," suggesting officials above her at the State Department were also concerned.

It was not clear who she was referring to but Republicans have tried to link former Secretary of State Hillary Clinton, a possible Democratic candidate for president in 2016, to the controversy over Benghazi.

"The seemingly political nature of the State Department's concerns raises questions about the motivations behind these changes and who at the State Department was seeking them," said Brendan Buck, a spokesman for Republican Speaker of the House of Representatives John Boehner.

Republicans say the talking points were an attempt to portray the attacks as arising from a spontaneous protest, and not an organised militant assault, so as to protect Mr Obama in last year's presidential campaign from any charges that he was weak on fighting terrorism.

The White House vehemently denies any cover-up and emphasises that the controversy over the talking points focuses on intelligence that eventually evolved. The emails, officials said, showed a normal back and forth between government agencies on a fluid national security event.

"Collectively these emails make clear that the interagency process, including the White House's interactions, were focused on providing the facts as we knew them based on the best information available at the time and protecting an ongoing investigation," White House spokesman Eric Schultz said.

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Date started: January 2017, app launched November 2017

Based: Dubai, UAE

Sector: Private/Retail/Leisure

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Funding stage and size: Seed round completed Q4 2019 - $1m raised

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What is an ETF?

An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.

There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.

The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.

There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.

While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash. 

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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

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

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