Although more than 50 years have passed, the Watergate affair remains a cautionary tale of the threat of untrammelled presidential power and the yardstick against which all other political scandals are judged.
Yet some historians believe its architect, former president Richard Nixon, risks being usurped as the norm-breaking exemplar of presidential corruption by Donald Trump and the firestorm over his role in the 2021 US Capitol assault.
Mr Nixon's underlying crime was covering up a break-in at the Democratic National Committee headquarters in Washington's Watergate complex that was aimed at stealing documents that might have helped him in an election he would ultimately win by a landslide anyway.
The accusations against Mr Trump — that he incited a deadly riot to disrupt the peaceful transfer of power as part of a conspiracy to overturn an election — appear “far more serious”, says history professor Michael Green.
“One of the ironies is that Nixon did not need to order a break-in to win that election,” he said. “And there is no evidence, even with all of the tapes, that there was ever a discussion or thought of overturning the result if it went against him.”
Five Watergate burglars were caught red-handed on the evening of June 16 in 1972 and it quickly became clear that some were linked to Mr Nixon and the White House.
The ensuing investigation opened a Pandora's box of abuses and dirty tricks that included political spying, the forgery of correspondence and even the theft of a pair of shoes to intimidate a rival to Mr Nixon.
But the cover-up was initially so successful that Mr Nixon won 49 of the 50 states in his landslide victory over Democrat George McGovern in that year's presidential election.
The whitewash might have succeeded were it not for the chance discovery in the summer of 1973 that the president had secretly recorded all of his White House meetings.
They included a “smoking gun” tape in which Mr Nixon could be heard ordering that the FBI, which was set to investigate the Watergate break-in, be told to “stay the hell out of this”.
Mr Nixon resigned after a delegation of Republican elders, led by ultraconservative Barry Goldwater, came to the White House in 1974 to tell him he was likely to be impeached and the jig was up.
Carl Bernstein and Bob Woodward, the reporters who played a pivotal role in bringing down Mr Nixon, have written a new foreword for their major book All the President's Men drawing parallels to Mr Trump.
They suggest that Mr Trump's incitement of a mob to march on the Capitol constituted “a deception that exceeded even Nixon's imagination”.
“By legal definition this is clearly sedition … thus Trump became the first seditious president in our history,” they say.
While the Senate voted unanimously to set up a cross-party investigative committee on Watergate, the Republicans of the 2020s vetoed a bipartisan commission and punished two members who joined the Democratic-led House committee investigating January 6.
About 80 million Americans — considerably more than a third of the population — tuned in to White House counsel John Dean's televised evidence given against Mr Nixon at the Watergate hearings, while about 20 million — only 6 per cent of Americans — watched the blockbuster first hearing put on by the January 6 panel.
For David Greenberg, author of Nixon's Shadow: The History of an Image, the Watergate hearings were “instrumental” in bringing down a president attempting to subvert democracy.
“The difference, however, is that in 1973 and 1974, a great many Republican congressmen and senators loyal to Nixon ended up admitting that he was engaged in criminal activity,” he told AFP.
“Today, only a few … have been willing to acknowledge Trump's complicity. Our polarised, partisan environment may prevent the January 6 hearings from achieving all they should.”
AFP contributed to this report
Bundesliga fixtures
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)
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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Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
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