Thursday , February 22 2018
Home | Tag Archives: Taxes (page 2)

Tag Archives: Taxes

Government should let foreign airlines bid for Air India, says IATA boss

International Air Transport Association (IATA) Chief Executive and Director General, Alexandre de Juniac, proposed that the Indian government should sell its shares in the national carrier, Air India. De Juniac lauded the government’s move to divest its stake in Air India. “We support privatization of Air India. But the company has to be privatized in right conditions,” De Juniac remarked. Pressed to elucidate on what the right conditions were, de …

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Latin America: Increase in aviation taxes and fees hampering growth in region

Opportunistic governments in Latin America that see air travel as an easy tax target, resulting in higher taxes and fees, have led to hindered growth in the region’s aviation sector. International Air Transport Association (IATA) Regional Vice President for the Americas, Peter Cerda, cited Chile as an example. Chile charges $1 per passenger that goes to the government’s aid initiatives in Africa and other similarly developing locales. This fee affects …

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New noise report indicates Heathrow’s noise footprint at smallest recorded levels

Heathrow airport’s noise footprint continues to shrink. The finding was reported by a new annual noise contour report that said 52,000 fewer households were affected by noise compared to 2006. Independent analysis from the Civil Aviation Authority (CAA) authorized by Heathrow, indicates that the average noise contours continue to shrink. This analysis, which has been conducted on a regular basis since 2006, is part of the airport’s Noise Action Plan …

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Arab Air Carriers Organization lauds removal of US corporate tax plan for foreign carriers

The Arab Air Carriers Organization (AACO) has hailed the removal of the much talked about United States proposal to levy corporation tax on Arabian Gulf airlines. AACO’s Secretary-General Abdul Teffaha expressed his satisfaction with the news that the amendment – tabled last month by US Senator Johnny Isakson of Georgia – was pulled from the bill. “Reason prevailed,” he said. The amendment, put in by Isakson, called for airlines headquartered …

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Smaller U.S. airlines bash Senate tax bill provision targeting Gulf carriers

JetBlue Airways, Hawaiian Airlines and other U.S. passenger and cargo carriers are vehemently opposing a provision in the Senate tax bill that would mandate several foreign airlines to pay U.S. corporate taxes on part of their profits. The three major U.S. carriers — Fort Worth-based American Airlines, Atlanta-based Delta Air Lines and Chicago-based United Airlines — are embroiled in a long-running trade row with Persian Gulf carriers Emirates Airline, Etihad …

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Aviation associations appeal to Dutch Government to not proceed with taxation policy

The European Regions Airline Association (ERA) and other leading industry organizations have appealed to the Dutch government to not move forward with its planned taxation policy. In a joint letter sent to the Minister of Finance, the group highlighted several crucial issues in relation to this proposal including the negative effect it would have on the Dutch economy, the inefficiency of such forms of taxation and contradictions with accepted international …

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IATA against provisions in US tax reforms

The International Air Transport Association (IATA) voiced out its disapproval to amendments of provisions in United States tax reform, that seek to tax any foreign air carrier whose home country does not have an income tax treaty with the US and has fewer than two arrivals and departures per week from major US airlines. The changes are backed in the Isakson Provision in the Chairman’s Modification to the Chairman’s Mark …

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Canada, EU in trade dispute over fees on aircraft exports

Canadian authorities have been toiling over the past few months to lower what they have deemed “excessive” fees charged on the country’s aerospace exports to Europe. Progress have not come easy as Canadian officials have had a hard time getting cooperation from their European counterparts. The dispute over fees charged by the European Aviation Safety Agency to certify Canadian aircraft and parts has its roots from the end of last …

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United States: Senate tax proposal could prove costly for foreign carriers

A proposal included in the Senate tax bill could prove costly to foreign airlines, including Gulf-based airlines that have been accused of receiving billions of dollars in unfair state subsidies. The provision would compel specific carriers that are based outside of the country to United States corporate taxes on money earned in the country if U.S. airlines do not have at least two weekly departures to or arrivals from the …

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UK passenger tax set to increase yet again

The UK government is getting ready to increase Air Passenger Duty (APD) on premium tickets starting on April 2019. APD is already considered to be the world’s highest tax of this nature. As it is, rates for economy-class passengers are £13 ($17) for short-haul flights (within 2,000 miles of London) and £75 for long haul (more than 2,000 miles). Business-class passengers pay £26 and £150 for short and long haul …

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