Media mogul Rupert Murdoch and his sons Lachlan, left, and James. Reuters
Media mogul Rupert Murdoch and his sons Lachlan, left, and James. Reuters
Media mogul Rupert Murdoch and his sons Lachlan, left, and James. Reuters
Media mogul Rupert Murdoch and his sons Lachlan, left, and James. Reuters

Rupert Murdoch due to be deposed in $1.6bn Dominion defamation case


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Fox Corp chairman Rupert Murdoch was due to be questioned under oath this week in a defamation lawsuit over his network’s coverage of unsubstantiated vote-rigging claims during the 2020 US presidential election.

Election technology company Dominion Voting Systems is seeking $1.6 billion in damages from Fox News Network, which it has accused of spreading untrue claims that its machines were used to rig the 2020 election against Republican Donald Trump and in favour of his Democratic rival Joe Biden.

Fox has argued that it had a right to repeat Mr Trump’s claims of vote manipulation, labelling it “reporting” and that Dominion’s lawsuit goes against freedom of the press.

A judge rejected the network’s bid to toss the case in December 2021.

“From the highest levels down, Fox knowingly spread lies,” Dominion said.

Dominion is also suing other conservative media outlets and commentators who accused the company of conspiring to overthrow Mr Trump.

Mr Murdoch, who is 91, is the highest-profile individual to be questioned by lawyers for Dominion, according to a filing in Delaware Superior Court. The session was closed to the public.

Dominion has also sought emails and other forms of communication from Mr Murdoch, his eldest son Lachlan and Fox News personnel as it looks to substantiate that the network either knew the statements it aired were false or recklessly disregarded their accuracy.

That is the standard of “actual malice”, which public figures must prove to prevail in defamation cases.

Dominion alleged in its March 2021 lawsuit that Fox amplified the false theories to boost its ratings and stay abreast of hard-right competitors including One America News Network, which Dominion is also suing.

The complaint cited instances where, in the aftermath of the 2020 presidential election, allies of Mr Trump such as Rudy Giuliani and Sidney Powell appeared on Fox News and falsely claimed Dominion software may have manipulated vote counts in favour of Mr Biden.

Mr Murdoch’s high-stakes deposition on Tuesday comes at a time when Dominion has spent the past several months questioning a parade of Fox News hosts, executives and producers.

On December 5, Lachlan, the executive chairman and chief executive of Fox Corp, sat for a deposition in Los Angeles. Mr Murdoch’s other son, James, was questioned in October.

Fox hosts and co-hosts Tucker Carlson, Laura Ingraham, Jeanine Pirro and Bret Baier have also been questioned in recent months, court records show, as well as former host Lou Dobbs.

Fox News chief executive Suzanne Scott and president Jay Wallace have also sat for depositions.

Reuters contributed to this report

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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Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

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Are they open to only Emiratis? The awards are open to anyone, regardless of age or nationality, living anywhere in the world.

When do nominations close? The process concludes on December 31.

How do I nominate someone? Through the website.

When is the ceremony? The awards event will take place early next year.

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Price, base / as tested: Dh74,900 / Dh85,900

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Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

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Fuel consumption: 10.7L/100km 

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Multitasking pays off for money goals

Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.

That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.

"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.

Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."

People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.

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Updated: December 14, 2022, 1:25 PM