President Tsai Ing-wen at the boarding gate of the international airport in Taoyuan, Taiwan, on March 29. AFP
President Tsai Ing-wen at the boarding gate of the international airport in Taoyuan, Taiwan, on March 29. AFP
President Tsai Ing-wen at the boarding gate of the international airport in Taoyuan, Taiwan, on March 29. AFP
President Tsai Ing-wen at the boarding gate of the international airport in Taoyuan, Taiwan, on March 29. AFP

China warns against Taiwan's president meeting US House leader


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China has warned of consequences if US House Speaker Kevin McCarthy meets Taiwan's president during her upcoming trip through Los Angeles.

Taiwan's President Tsai Ing-wen landed in New York on Wednesday and will spend Thursday in the city before touring the island's diplomatic allies in the Americas, Guatemala and Belize.

Ms Tsai is then due to stop in Los Angeles on her way back to Taiwan on April 5, when a meeting with Mr McCarthy is tentatively scheduled.

Ms Tsai was greeted by Taiwan's representative to the US, Hsiao Bi-khim, and Laura Rosenberger, the head of the informal US embassy to the island.

Taiwan's President Tsai Ing-wen leaves a hotel in New York on, March 29. AP
Taiwan's President Tsai Ing-wen leaves a hotel in New York on, March 29. AP

The planned meeting with Mr McCarthy has brought fears of heightened friction between Beijing and Washington. Biden administration officials tried to play down Ms Tsai's US stopovers.

The spokeswoman for China's Taiwan Affairs Office, Zhu Fenglian, denounced Ms Tsai's stopovers and demanded that no US official meets her.

Speaking in Beijing, she said that if Ms Tsai met with Mr McCarthy, China would "definitely take measures to resolutely fight back," Reuters reported.

The US should “refrain from arranging Tsai Ing-wen’s transit visits and even contact with American officials and take concrete actions to fulfil its solemn commitment not to support Taiwan independence”, she said.

Under a 1978 agreement to normalise relations between China and the US, Washington agreed to recognise Beijing as the sole seat of China’s government, while acknowledging but not endorsing the Chinese position that there is but one China and that Taiwan is part of it.

The US has insisted that any unification of the island and the mainland must be peaceful.

Mr McCarthy, a Republican from California, has said he will meet Ms Tsai when she is in the US and has not ruled out the possibility of travelling to Taiwan in a show of support.

Tension was heightened between the US and China after a two-day visit by then-House speaker Nancy Pelosi to Taiwan in 2022, which Beijing regarded as a major provocation.

Agencies contributed to this report.

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How tumultuous protests grew
  • A fuel tax protest by French drivers appealed to wider anti-government sentiment
  • Unlike previous French demonstrations there was no trade union or organised movement involved 
  • Demonstrators responded to online petitions and flooded squares to block traffic
  • At its height there were almost 300,000 on the streets in support
  • Named after the high visibility jackets that drivers must keep in cars 
  • Clashes soon turned violent as thousands fought with police at cordons
  • An estimated two dozen people lost eyes and many others were admitted to hospital 
RESULTS
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How to turn your property into a holiday home
  1. Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
  2. Research equivalent Airbnb homes in your location to ensure competitiveness.
  3. Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
  4. Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
  5. Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

What is 'Soft Power'?

Soft power was first mentioned in 1990 by former US Defence Secretary Joseph Nye. 
He believed that there were alternative ways of cultivating support from other countries, instead of achieving goals using military strength. 
Soft power is, at its root, the ability to convince other states to do what you want without force. 
This is traditionally achieved by proving that you share morals and values.

Kanye%20West
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MATCH INFO

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Raheem Sterling 35', 49'

Ferran Torres 65'

 

 

ICC Women's T20 World Cup Asia Qualifier 2025, Thailand

UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

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EPL's youngest
  • Ethan Nwaneri (Arsenal)
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  • Max Dowman (Arsenal)
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  • Jeremy Monga (Leicester)
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  • Harvey Elliott (Fulham)
    16 years, 30 days old
  • Matthew Briggs (Fulham)
    16 years, 68 days old
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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  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

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HOSTS

T20 WORLD CUP 

2024: US and West Indies; 2026: India and Sri Lanka; 2028: Australia and New Zealand; 2030: England, Ireland and Scotland 

ODI WORLD CUP 

2027: South Africa, Zimbabwe and Namibia; 2031: India and
Bangladesh 

CHAMPIONS TROPHY 

2025: Pakistan; 2029: India  

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Updated: March 30, 2023, 2:14 AM