Search Results for: Dutch caribbean

BY KEITH NUTHALL

EUROPEAN Union (EU) member states should not levy capital duties on subsidiaries, when a parent company boosts the capital of a sub-subsidiary, the European Court of Justice (ECJ) has ruled. It said that although such financial transfers might boost the share value of a subsidiary, this is merely "an automatic and incidental economic repercussion", not a "second separate contribution which could…be subject to tax".…

BY KEITH NUTHALL

THE EUROPEAN Commission has fined 16 firms Euro 290.71 million for operating a cartel in the plastic industrial bags market, in clear violation of European Union (EU) fair trade rules. One British participant – British Polythene Industries PLC – escaped being penalised, along with Belgium’s Combipac BV, however, after they tipped off the Commission about the cartel, which covered Germany, the Netherlands, Belgium, Luxembourg, France and Spain.…

BY WESLEY GIBBINGS, in Port of Spain

THE NEW national university for the Caribbean archipelago of Trinidad & Tobago has distributed 500 degrees and diplomas and five honorary doctorates even before construction of a main campus building has been completed. The apparent anomaly is partially explained by the fact that the new University of Trinidad and Tobago (UTT) has assimilated the teaching staff, building and student population of the now-defunct, Trinidad-government Institute of Technology (TTIT) back in 2003.…

BY DEIRDRE MASON

THE LATEST round of European Union (EU) proposals to tighten up laws fighting the use of illegally unsafe commercial shipping, announced on November 23, 2005, will place shippers who want to continue operating in EU-controlled waters under closer scrutiny than ever, says the European Commission.…

BY KEITH NUTHALL

BANKS in Surinam and Guyana have been asked to operate a rice production improvement fund worth Euro 10 million, aimed at helping these South American countries prosper in world food markets. The Caribbean Forum of the African Caribbean Pacific (ACP) States, or CARIFORUM, is spending Euro 6.5 million in Guyana and Euro 3.5 million in Surinam, to invest in rice processors, millers and growers, increasing the sector’s "efficiency and competitiveness".…

EU SUGAR REFORM MARKET REPORT – CAP

BY KEITH NUTHALL

DECEMBER 2005’s semi-successful World Trade Organisation (WTO) summit in Hong Kong means that the sacrifice forced upon the European Union’s (EU) well protected sugar sector the month before will – largely – be worth the pain.…

BY KEITH NUTHALL

DECEMBER 2005’s semi-successful World Trade Organisation (WTO) summit in Hong Kong means that the sacrifice forced upon the European Union’s (EU) well protected sugar sector the month before will – largely – be worth the pain. Unlike the previous big WTO meeting, in Cancun, Mexico, trade ministers did not leave in rancour having achieved little.…

BY KEITH NUTHALL

EUROPEAN Court of Justice (ECJ) advocate general Francis Jacobs has advised that where consumers buy excised goods, including tobacco and alcohol, in a foreign European Union (EU) country, and arrange for them to be transported to their home EU state, only the excise duty originally paid is due.…

BY DEIRDRE MASON
IRELAND’S Celtic Tiger economy may have lost a little of its bounce recently, with double-digit annual growth figures no longer predicted. However, the beast is still in fine fettle, as a recent Organisation for Economic Cooperation and Development (OECD) observer report notes: “The economy has bounced back.…

BY KEITH NUTHALL
DECEMBER 2005’s semi-successful World Trade Organisation (WTO) summit in Hong Kong means that the sacrifice forced upon the European Union’s (EU) well protected sugar sector the month before will – largely – be worth the pain. Unlike the previous big WTO meeting, in Cancun, Mexico, trade ministers did not leave in rancour having achieved little.…