Young people at a protest as part of the 'global climate strike' of the Fridays for Future movement in Vienna, Austria. Reuters
Young people at a protest as part of the 'global climate strike' of the Fridays for Future movement in Vienna, Austria. Reuters
Young people at a protest as part of the 'global climate strike' of the Fridays for Future movement in Vienna, Austria. Reuters
Young people at a protest as part of the 'global climate strike' of the Fridays for Future movement in Vienna, Austria. Reuters

Young protesters demand climate action in co-ordinated 'global strike'


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Frustrated, anxious but hopeful, young activists staged a co-ordinated “global climate strike” on Friday to highlight the effects of global warming and demand more aid for poor countries hit by extreme weather.

In New York, as leaders of developing disaster-struck nations pleaded their cases at the UN, more than a thousand protesters, many of them skipping school, marched through the streets to tell their leaders they were sick of inaction on climate.

“The oceans are rising and so are we,” they chanted. Protesters also took to the streets in Jakarta, Tokyo, Rome, Berlin and Montreal carrying banners and posters with slogans such as, “It’s not too late.”

“It’s one thing to worry about the future, and it’s another to get out there and do something about it,” said 16-year-old Lucia Dec-Prat at the protest in New York. “I honestly feel that the adults aren’t listening.”

Dinah Landsman, 17, said every day she asks herself about what kind of future she will have as she grows up because of climate change. Her generation has to act, she said.

“No one else is going to do it,” said Dinah, also in New York. “It's us who have the most at stake.”

The protests follow warnings from scientists that countries are not doing enough to meet the 2015 Paris climate accord’s top-line target of limiting global warming to 1.5° Celsius this century compared to pre-industrial times.

Michael Taft, 27, a graduate student in New York, said “a lot of kids here are scared about what the next 20 years are going to look like for them”.

But Mr Taft said he still has hope. He looks around at those listening to the speakers and said they are not like past generations. They are not looking to become finance majors and make lots of money.

“They’re all here because they’re motivated to make change,” Mr Taft said. “And probably one of the people here or in another climate rally in a different country is going to be the person that has a massive role in change and fixing this.”

The demonstrations were organised by the Fridays for Future movement that took its cue from activist Greta Thunberg, who began protesting alone outside the Swedish Parliament in 2018.

“We're striking all over the world because the governments in charge are still doing too little for climate justice,” said Darya Sotoodeh, a representative for the group's chapter in Germany.

“People all over the world are suffering from this crisis, and it's going to get worse if we don't act on time,” she said.

Police said some 20,000 people attended the rally in Berlin, which featured calls for the German government to establish a €100-billion fund for tackling climate change.

In Rome, about 5,000 young people turned out for a march that ended near the Colosseum.

One placard read: “The climate is changing. Why aren’t we?” Students highlighted among their priorities the need to rethink Italy’s transport policies. The country's ratio of cars to inhabitant is one of the highest in Europe.

In Italy's election campaign, which wraps up on Friday evening before the September 25 vote for Parliament, climate change policies did not figure heavily at candidates' rallies.

UN Secretary General Antonio Guterres told world leaders this week that the fossil fuel industry, which is responsible for a large share of planet-warming gases, is “feasting on hundreds of billions of dollars in subsidies and windfall profits while household budgets shrink and our planet burns”.

Mr Guterres urged rich countries to tax the profits of energy companies and redirect the funds to both “countries suffering loss and damage caused by the climate crisis” and those struggling with the rising cost of living.

Demands for poor nations to receive greater financial help to cope with global warming, including the destruction already wrought by deadly weather events such as the floods in Pakistan, have grown louder in the run-up to this year's UN climate summit in Egypt.

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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

The biog

Age: 32

Qualifications: Diploma in engineering from TSI Technical Institute, bachelor’s degree in accounting from Dubai’s Al Ghurair University, master’s degree in human resources from Abu Dhabi University, currently third years PHD in strategy of human resources.

Favourite mountain range: The Himalayas

Favourite experience: Two months trekking in Alaska

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Profile Books and London Review of Books 

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From: Alberta, western Canada

Record fish: 56kg sailfish

Member of: International Game Fish Association

Company: Arabian Divers and Sportfishing Charters

The specs: 2018 Nissan 370Z Nismo

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Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

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Friday
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Saturday
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Caen v Amiens (10pm)
Lyon v Dijon (10pm)
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Updated: September 25, 2022, 5:49 AM