Tax-News.Com Archive

Sponsored by: PEARSE TRUST
Independent advice on corporate and trust structures

ARCHIVE ROOT | TODAY'S NEWS | LOWTAX

Lawmakers Discuss Breaking Up The Netherland Antilles
by Amanda Banks, Tax-News.com, London

23 December 2004

The Dutch cabinet is willing to discuss the breaking up of the Netherland Antilles into separate entities provided that certain conditions are met after the dissolution of the Central Government, it has emerged.

According to a statement released after a recent meeting of the Council of Ministers, the new constitutional arrangement must guarantee the quality of the judicial system, sound governance and responsible financial management.

These conclusions dovetail with those of the committee established by Kingdom Relations Minister Thomas de Graff, who has called for autonomy for the islands that make up the Netherland Antilles.

This committee, chaired by Edsel Jesurun, concluded that the Central Government should be dismantled, and that the territories of Curcao and St Maarten should become autonomous countries within the Kingdom, along similar lines to Aruba.

The report also recommended that Bonaire, St. Eustatius and Saba become semi-independent, although with more direct ties to The Hague.

A comprehensive report in our Intelligence Report series giving background tax and residence information on many of the key offshore jurisdictions is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report4.asp

 


IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.