Ephraim Mirvis, Britain's chief rabbi, said he hoped 2022 would be seen as a turning point in relations between communities. Reuters
Ephraim Mirvis, Britain's chief rabbi, said he hoped 2022 would be seen as a turning point in relations between communities. Reuters
Ephraim Mirvis, Britain's chief rabbi, said he hoped 2022 would be seen as a turning point in relations between communities. Reuters
Ephraim Mirvis, Britain's chief rabbi, said he hoped 2022 would be seen as a turning point in relations between communities. Reuters

Anglican Church apologises over 800-year-old anti-Jewish laws


Paul Peachey
  • English
  • Arabic

The Church of England has apologised for “shameful” anti-Jewish laws drawn up 800 years ago that paved the way for the mass expulsion of Jews from the country in 1290.

Senior Christian and Jewish leaders gathered on Sunday to mark the 800th anniversary of the Synod of Oxford, where the medieval church imposed restrictions on the small Jewish community that included the wearing of a special mark to signify their religion.

Historians say the move at the 1222 Synod of Oxford was the start of growing anti-Jewish movement that attempted to stop the mixing of Jews and non-Jews, imposed extra taxes on the community and culminated in the expulsion Jews from England. They were barred from returning until 1656.

The service held on Sunday at Christ Church cathedral in the English city of Oxford was an attempt to reframe relations with the Jewish community, said Jonathan Chaffey, the Archdeacon of Oxford.

The 1222 gathering “represented a particularly disturbing time in Christian-Jewish relations in England, with repercussions across Europe”.

He said: “This service offers a symbolic opportunity to apologise for these shameful actions.”

The Church of England was not established for a further 300 years, when King Henry VIII split with Rome. Sunday’s apology comes three years after the Church said that it had to repent for centuries of anti-Semitism.

Ephraim Mirvis, Britain's chief rabbi, was among those who attended. He said: “Let us not forget that we are still on a journey. There is still so much that needs to be done and so much more that must be done.

“Let us guarantee that 2022 will be seen by future historians as a turning point for the better.”

England in 1222 was home to a medieval church that was part of a broader European movement under the control of the pope.

The 800-year-old laws in England were an amended version of pan-European rules that targeted both Muslims and Jews. Only Jews, with a population of about 3,000, were living in England at the time.

They were subject to widespread anti-Semitic prejudice and were often wrongly accused of crimes, while there were frequent riots against them. Hundreds were arrested, hanged or imprisoned.

“What’s nasty about having any form of restrictive legislation on the books is that it’s there,” said Miri Rubin, professor of medieval and early modern history at Queen Mary University London, in a video recording to mark the event.

She said that the Church had no way of enforcing the rule, but there was evidence that medieval Jews paid fees to avoid wearing the marks on their clothing.

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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'Unrivaled: Why America Will Remain the World’s Sole Superpower'
Michael Beckley, Cornell Press

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

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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Updated: May 09, 2022, 12:44 PM