Former New Jersey Governor Chris Christie AP
Former New Jersey Governor Chris Christie AP
Former New Jersey Governor Chris Christie AP
Former New Jersey Governor Chris Christie AP


Chris Christie could be the man to beat Trump


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August 22, 2023

In June, when Chris Christie announced his 2024 presidential bid in New Hampshire, there were loud rumblings among the Republican Party faithful.

Mr Christie wants badly to defeat Donald Trump, who is leading the Republican race. And to do this, he has forcefully taken on the former president.

Yet, the former governor of New Jersey has a long history with Mr Trump. He was one of the first mainstream Republicans to endorse him, a very early backer, and then led his presidential transition team in 2016. When Mr Christie was elected governor in 2009, Mr Trump was in the front row of the inaugural mass.

These days, Mr Christie has emerged as Mr Trump’s leading critic, detailing why the latter, now indicted in Georgia, is unelectable. Mr Christie has been calling him a “failed leader” a “coward” and a “one-man crime wave”.

Mr Trump’s response was his usual vindictive self: largely directed at Mr Christie’s eating habits. “Christie is eating right now – he can’t be bothered,” he said to a baying crowd of supporters in New Hampshire.

In response, Mr Christie said Mr Trump was a “spoiled baby”. Later he posted on Twitter: “Breaking news ... I have struggled with my weight for 20 years. What I haven't struggled with is my character. I'll put that up against Donald Trump’s any day. If that’s the best he’s got, then he’s lost his fastball."

Mr Christie says his support of Mr Trump ended with the Capitol riot on January 6, 2021. They have not spoken aside from slinging mud at each other. But the Trump and Christie war is a good window into the messiness of the Republicans. They are plagued by painful internal divisions. The party of strong and effective former presidents such as Ronald Reagan, Dwight D Eisenhower and Theodore Roosevelt, no longer exists.

Mr Trump’s Make America Great Again – or Maga – movement has been one of the main causes for the party’s break with its past. According to a study published by the University of Washington, Maga followers tend to believe conspiracy theories that include Mr Trump’s 2020 election was stolen; that Covid-19 is a bioweapon from China; and that the Capitol riot was the work of Antifa, a left-wing political movement.

But does Mr Christie have a chance against Mr Trump or Florida Governor Ron DeSantis to get the bid for the Republican nomination?

His greatest appeal to the voters is that he is a sensible bulwark against Mr Trump’s increasingly radical policies. He refuses to embrace “white grievance policies”. When he does attack Mr Trump, it’s not about his hair transplant or his supposedly tiny hands, but about his character.

Mr Christie goes after Mr Trump for what a number of Americans fear – a threat to their country’s democracy and constitution. Mr Christie believes that if Mr Trump is elected again, he will govern with an unprecedented authoritarian agenda. And that he will be vengeful against those who opposed him.

Mr Trump is way ahead in the polls right now, but using plain-speak and sensibility, Mr Christie could succeed at taking some of Mr Trump’s more centrist voters. There is an entire division within the GOP called the Never Trumpers, traditional Republicans who are appalled and horrified by Mr Trump’s behaviour and who have worked to keep him out of office.

What does Mr Christie believe in?

His policies include support for Ukraine – he met with President Volodymyr Zelenskyy in Kyiv this month and prayed at the grave of war heroes. Mr Trump, meanwhile, opposes more aid to Ukraine. This has also staked a clear position on an issue that has divided the GOP.

Both candidates are opposed on abortion, and both see exceptions for rape, incest and to protect the life of the mother. Mr Christie would not, however, support a federal ban on abortion, saying it should be addressed at state level.

He has also set himself apart from other GOP candidates who sidestep the question of the 2020 election by adamantly proclaiming: “The election wasn’t stolen. He lost."

A poll conducted by New Hampshire Journal published this month found Mr Trump receiving 43 per cent in New Hampshire, a key state, with Mr Christie and Mr DeSantis tied in second place at 9 per cent. Another poll, from the University of New Hampshire published in mid-July, found that 6 per cent of likely GOP primary voters picked Mr Christie as their first-choice candidate, behind Senator Tim Scott (8 per cent), Mr DeSantis (23 per cent) and Mr Trump (37 per cent).

But Mr Christie could build momentum. The first Republican primary debate, which will take place in Milwaukee, Wisconsin on Wednesday, will be important. Mr Trump refuses to take part, which may give Mr Christie a chance to shine.

As of now, Mr Trump is the clear Republican frontrunner to face Joe Biden in next year’s election. But if somebody has to take down Mr Trump, Mr Christie could be the man to do it. He played a big role in taking down Senator Marco Rubio before the 2016 New Hampshire debate when Mr Rubio appeared to be coming on strong.

Between now and January 2024, when the Republican Party presidential primaries begin, the former Boss of New Jersey may go far.

As Peggy Noonan, a White House insider, wrote recently in The Wall Street Journal: “He is almost Trump’s equal in showbiz and he’s superior in invective, so he can do some damage … Would it be a suicide mission? I don’t know. But those kamikazes took out a lot of tankers.”

Mr Christie, who has been described as loyal, mouthy, combative and entertaining – and whose Political Action Committee is called “Tell It Like It Is” – is confident of his chances. “If I get into the race,” he said this spring, “I’ll make it interesting.”

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

UAE currency: the story behind the money in your pockets
Scores

New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs 

New Zealand win by 47 runs

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Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

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Updated: September 04, 2023, 10:08 AM