Search Results for: Canada

BY KEITH NUTHALL

THE RELATIONSHIP between levels of duty and the demand for tobacco products on which these taxes are levied is at one level simple, and another complex. Obviously, if taxes were so punitive, most smokers simply could not afford a cigarette, then it would have an impact on demand.…

BY MJ DESCHAMPS

USA/CANADA: Endowment returns recover for north American universities

MJ Deschamps

The recession seems to be over for American and Canadian higher education institutions, with a report on the returns from their endowment funds showing a sharp increase in income for the 2010 fiscal year compared with 2009.…

BY WACHIRA KIGOTHO

CLASSIFIED as a failed state, Somalia is one of the world’s poorest countries, but oil production could change its fortune. Indeed, politically fractured Somalia is being touted as a potentially rich oil and gas producer. Given security, Somalia is increasingly regarded as economically strategically-located, a view fuelled by recent interest by Chinese and western nations’ oil and gas investment companies.…

BY KEITH NUTHALL

POLICE in Montreal, Canada, have seized 2,700 photocopied textbooks and digests of textbooks that were being sold illegally to university students, arresting 13 suspects in raids on four photocopying stores. The Royal Canadian Mounted Police said the total value of the haul was Canadian dollars CAD540,000 (GBPounds 342,000).…

BY ANDY HOLDER

IT is a truism that fraudsters are most knowledgeable about fraud – and that to learn about the problem, the best people to learn from are those who actively obtain property through deception. But that is exactly what Britain’s Professor Martin Gill does.…

BY KEITH NUTHALL

THE PROLIFERATION of charges being levied on the air industry worldwide has a false environmental goal, the UN’s air industry chief has argued – with governments using green policies as a convenient excuse to levy easy taxation from a key transport sector.…

BY KEITH NUTHALL

EUROPEAN Union (EU) ministers and MEPs will over the next two years debate a newly proposed law authorising the use of air passenger name data by security and law enforcement teams across the EU. There is currently no such legislation, although this data is demanded by some non-EU countries, such as the USA, Canada and Australia.…

BY KEITH NUTHALL

PREPARATORY work for mining a major cobalt-copper deposit in Russia, could be funded by the European Bank for Reconstruction & Development (EBRD). The bank has released plans for an equity investment of US$21 million in Isle of Man-registered Imperial Mining Holding Limited, whose subsidiaries explore base and precious metal resources in Russia and Mongolia.…

BY JOSEPHINE MCKENNA, in Rome

ON the face of it the record is impressive. In the past 12 months Italian customs officials and other agents have carried out raids on counterfeiters from Milan in the north to Taranto in the south, seizing millions of euros’ worth fake fashion merchandise.…

BY KEITH NUTHALL

INVESTIGATORS from the European Commission and the European Union’s (EU) anti-fraud office OLAF should report on May 11 about whether American biodiesel exporters are illegally evading EU countervailing and anti-dumping duties on their product. A probe will examine whether US biodiesel is being illicitly routed through third countries, especially Canada and Singapore, to avoid paying the duties: between Euro EUR211.20 and EUR237/tonne for the countervailing (antisubsidy) duties and EUR23.60 and EUR208.20/tonne for the anti-dumping tax.According…