Archive for April, 2015

Oceana Belize rejects Belize Government’s petroleum exploration guidelines

Thursday, April 30th, 2015

Oceana Belize and the Belize Coalition to Protect Our National Heritage have called for a complete moratorium on any offshore oil exploration in Belize territorial waters.

These non-government organizations resoundingly rejected the Government of Belize’s draft guidelines for petroleum exploration. These guidelines were issued in September 2013, however, they have been unknown to the non-government organizations until January 19, 2015.

Italy removes Belize from its “Black Lists”

Wednesday, April 8th, 2015

On April 1, Italy’s Minister of the Economy and Finance, Pier Carlo Padoan, signed two documents to modify Italy’s “black lists.” Belize has been removed from its black list. It is hoped that this move will enhance economic cooperation between the jurisdictions.

The Italian Stability Law specified another black list under which expenses incurred in transactions with residents in a jurisdiction would not be deductible. For this list, the criterion that such a jurisdiction should not have a privileged tax regime has been eliminated, leaving only the presence of an adequate TIEA with Italy as the determining factor. The “non-deductibility of costs” list now therefore includes only 46 tax jurisdictions. Belize has been cancelled from it along with 20 other jurisdictions including Guernsey, Jersey, the Isle of Man, Gibraltar, the British Virgin Islands, the Cayman Islands, etc.

Belizean elected to a high post in OAS

Wednesday, April 1st, 2015

Belize Ambassador to the US and High Commissioner to Canada, H.E. Nestor Mendez, has become the new Assistant Secretary General of the Organization of American States (OAS). He was elected to the post, having achieved the support of the majority – 24 votes out of 34. His term will last for five years.

For the first time, the Belizean has been elected to a senior office in the OAS. According to the Government of Belize, Hon. Prime Minister Barrow and the Ministry of Foreign Affairs “embarked on two years of active diplomacy and campaigning to achieve the support of the majority of countries in the Americas for this post”.

The Secretary General Luis Almagros from Uruguay, and Assistant Secretary General Nestor Mendez will start on May 26.