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Netherlands, Curacao to avoid double taxation from 2016

AMSTERDAM: The Dutch Ministry of Finance announced that a new regulation for the avoidance of double taxation between the Netherlands and Curacao is expected to be effective beginning 1 January 2016. In anticipation of the new tax regulation, the Netherlands is extending measures provided to Curacao in previous years, concerning the Dutch corporate income tax rules on the taxation of ... Read More »

Int’l Maritime Organization hails modified shipping industry stance on ballast water

​​ AMSTERDAM: International Maritime Organization has hailed the revised stance of shipping country on the issue of ballast water under the  presidency of IMO General Secretary Mr Sekimiz. Mr Sekimizu expressed his wish that governments of member states, and in particular those with a large merchant shipping tonnage under their flag, should take action to ratify the BWM Convention as ... Read More »

Tax shift creates hundreds of thousands of jobs in Netherlands

AMSTERDAM: More jobs and clever use of resources, that’s exactly what this era needs. A brief employment impact analysis shows that a tax shift potentially creates hundreds of thousands of jobs, in the Netherlands alone. The policy toolkit is applied to the first case study, reviewing a potential budget-neutral tax shift of $ 42 billion in the Netherlands. If this ... Read More »

Increasing demand: Shell decides to build LNG bunker vessel at Rotterdam

ROTTERDAM: As the demand for Liquefied Natural Gas (LNG) as a fuel in the shipping industry is increasing, due to emissions reduction requirements scheduled to come into force in January 2015 Shell has confirmed its plans to build a specialised LNG bunker vessel. Giving an insight to its new venture, Vice president of Shell Shipping and Maritime, Grahaeme Henderson stated ... Read More »

Rotterdam port dockers oppose port automation plan  

ROTTERDAM: Rotterdam dockers strongly protested the plans of authorities to expansion and automation of port as it would cause them to lose their jobs. This was stated by said Niek Stam, national secretary of FNV ports in the Netherlands When taking decisions on port expansion neither the administration nor the port authority in Rotterdam has taken into account the impact ... Read More »

EU car tax regime: Netherlands achieves lowest CO2 emissions from new cars

AMSTERDAM: The Netherlands achieved the lowest CO2 emissions from new cars of all 28 EU countries at 109 g/km. It also shows the second best overall reduction across Europe since the introduction of binding CO2 limits for new cars in 2008, at 30.4%. The Netherlands had the lowest CO2 emissions from new cars in the European Union last year, thanks ... Read More »

Airbnb, Amsterdam to impose 5pc tourist tax form Jan 1

AMSTERDAM: To improve the facilities for tourist in Netherlands, Airbnb and the city of Amsterdam signed an agreement to impose tax on tourism which takes effect from Jan. 1, 2015, and the 5% tax will start to be collected from the start of Feb. 2015. In a joint statement, Airbnb said it will prominently display a summary of rules for ... Read More »

Netherlands introduces 1,700 Euros smart bicycle to topple down accident rate

AMSTERDAM: The Netherlands has launched its first-ever “intelligent bicycle”, fitted with an array of electronic devices to help bring down the high accident rate among elderly cyclists in the bicycle-mad country. A commercial-available smart bicycle is expected to be on the market in the next two years and should sell for between 1,700 Euros ($1,800) to 3,200 Euros per bicycle. ... Read More »

Dutch customs finds over 3 metric tonnes of cocaine worth $149 million

AMSTERDAM: More than three metric tons of cocaine worth over 120 million Euros ($149 million) was captured by customs official in a shipment from Costa Rica was the biggest busted drug commodity at the city port, said prosecutors. Police and prosecutors are investigating, but there was no immediate word of arrests. The largest consignment ever found in Rotterdam was 4.2 ... Read More »