ERIC GARCIA: CURACAO NOT READY FOR INDEPENDENCE

VBC Lunch Lecture Held Wednesday, December 14, 2011

According to Eric Garcia (CEO Girobank) “we need to be honest and acknowledge the fact that we are simply not ready for independence. Neither financially nor politically. Instead of continuously focusing on independence, our government should deal with the many macro-economic challenges our country is facing at this moment. Curacao’s growth has been lagging behind other countries in the Caribbean. Our poor economic performance is accompanied by a high unemployment rate, particularly among the youth. However, it seems as if our politicians do not perceive the low economic growth and high unemployment …
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15
Dec 2011
CATEGORY

Various

COMMENTS No Comments

CURACAO TAX REFORM 2011

New Opportunities for the International Sector

The Curacao tax reform 2011 was recently adopted by the Curacaoan parliament. The Curacao tax reform 2011 has some interesting features for the international financial sector. The expectations are that more features will follow during the next few years, however, no formal announcements have yet been made in this respect. A switchover from direct to indirect taxation is already evident in the Curacao tax reform 2011, although still on a modest scale. Expectations are that this trend will continue. Personal and corporate income tax rates will decrease, while turnover tax will increase from 5% …
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14
Oct 2011
CATEGORY

Tax, Various

COMMENTS No Comments

PRESENTING FACTS IN DUTCH CARIBBEAN COURT PROCEEDINGS

Facts must be presented fully and truthfully

Legal proceedings are initiated by a petition filed with the Courts. A petition is a document stating, among other things, the names and addresses of the parties, the nature of the dispute (including the relevant facts of the case), the competent court, and the demand for relief.

The significance of the petition should not be underestimated. Filing a petition with the court stops the statute of limitations running for that case. A petition should clearly state the facts and specify the relief sought, in order to enable the court to render a default …
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03
Nov 2010
CATEGORY

Legal

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CARIBBEAN KIDS NEWS WINS KNN AWARD 2010

 CKN-KNN Award 2010

Item about fire trucks (click here)

The kids news in the Netherlands Antilles and Aruba has won the ‘KNN Award’ during the annual summit of the eight Kids News Network programmes. The award is a yearly professional prize for the best report of the network (see FreeVoice news item).

Sulin Passial, chief editor of the Caribbean Kids News has proudly received the price in the form of a South African art piece, on behalf of her team (picture above, …
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24
May 2010
CATEGORY

Various

COMMENTS No Comments