US Army Private Travis King. Reuters
US Army Private Travis King. Reuters
US Army Private Travis King. Reuters
US Army Private Travis King. Reuters

US Army head concerned for safety of soldier in North Korea


Willy Lowry
  • English
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US Army Secretary Christine Wormuth said on Thursday that she was “very concerned” about the soldier who fled to North Korea.

Private Travis King was supposed to travel to the US this week after finishing a prison sentence in South Korea for assault.

Instead, he ran across the border into North Korea while on a civilian tour of the border village of Panmunjom on Tuesday, becoming the first known American to be held by Pyongyang in nearly five years.

“He did wilfully run across into North Korean territory,” Ms Wormuth said on Thursday at the Aspen Security Forum in Colorado.

She said it was unclear why King ran across the border into North Korea but acknowledged that he was probably worried about facing further disciplinary action upon his return home to the US.

Ms Wormuth said there was no information to suggest he was a North Korea sympathiser.

“It makes me very, very concerned that Private King is in the hands of North Korean authorities. I worry about how they may treat him,” she said.

The Secretary cited the case of Otto Warmbier, an American student who was imprisoned in North Korea and returned home in a vegetative state shortly before his death.

Washington is pursuing several avenues, including UN channels, to try to contact Pyongyang, but so far have been unable to speak with North Korean officials, Ms Wormuth said.

“The Department of Defence, the State Department, the White House, we’re using UN channels, have been reaching out to the DPRK to get information about his status and to work with them to try to bring him back,” she said.

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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

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Updated: July 20, 2023, 5:05 PM