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Friday, 24 November 2017

KSA’s anti-graft drive is not a shakedown, but a big shake-up | Arab News

KSA’s anti-graft drive is not a shakedown, but a big shake-up | Arab News:

"What are the differences between a “shakedown,” a “plea bargain,” and a “deferred prosecution agreement”?
After consulting several dictionaries and talking to a few lawyers, I came to the conclusion it is largely a question of degree, sophistication and origination, and they are all pretty similar in practice.
A shakedown is US slang for demanding money with menace, and is obviously unacceptable and illegal, with shades of the gangster Al Capone: “Give me the money or I’ll break your arm.”"



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US tax threat to Gulf airlines may be ‘discriminatory’ | Arab News

US tax threat to Gulf airlines may be ‘discriminatory’ | Arab News:

"A threatened US tax hit on Gulf carriers Emirates, Etihad and Qatar Airlines could be deemed as discriminatory if not applied to other airlines serving the US, warned a leading London airlines analyst. Additionally, the move would potentially amount to “a double whammy” as the airlines were already cutting costs to offset some of the toughest trading in years, Tim Coombs, head of UK-based Aviation Economics, told Arab News. A late amendment to the US Senate tax bill would scrap the exemption from tax that Etihad, Emirates and Qatar Airways have enjoyed on income generated from flights to and from the US."



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