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Judge Reverses $105 Million Trade Secrets Verdict Against Ford

May 01,2023 NYCourier - avatar NYCourier

On Monday, a federal judge in Detroit overturned a jury verdict that ordered Ford Motor Co. to pay Versata Software In...

Treasury Releases Information on Corporate Alternative Minimum Tax

Feb 19,2023 NYCourier - avatar NYCourier

Today the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released information on the Corporate...

El Real Madrid vuelve a entrenar

May 11,2020 NYCourier - avatar NYCourier

  Los jugadores del Real Madrid volvieron este lunes al trabajo tras pasar la pasada semana las pruebas de detección ...

Guatemala civil war film vies for Belgian 'Oscar'

Feb 01,2020 NYCourier - avatar NYCourier

In Belgium's version of the Oscars this weekend, a film about Guatemala's civil war is an unusual nominee -- telling a...

Virtual Facebook currency faces real-world resistance

Jun 21,2019 NYCourier - avatar NYCourier

If Facebook's new cryptocurrency should resonate anywhere it should be India, where the social media giant has more th...

UK opposition calls for election or second referendum on Brexit deal

May 30,2019 NYCourier - avatar NYCourier

The leader of Britain's main opposition Labour party Jeremy Corbyn -- criticised for failing to take a clear position ...

Finance ministers from France, Germany, Italy, Luxembourg, the Netherlands and Sweden urged the EU to come up with new measures to target the industry, but fell short of calling for a specific pollution tax.

Belgium, Bulgaria, Denmark were also signatories to the pact, that was initiated by the Dutch.

According to the EU commission, if global aviation was a country, it would rank in the top 10 national emitters.

Airlines worldwide are spared hefty taxes on gasoline and other fossil fuels, just as the industry's carbon footprint is skyrocketing.

"Compared to most other means of transportation, aviation is not sufficiently priced," a statement by the coalition said.

 
"We call upon the European Commission to bring forward a proposal for an EU initiative on aviation pricing," it said, carefully avoiding a call for the EU executive to draw up a new tax.
 

The Netherlands is pushing for the measure and says it will go it alone with its own levy in 2021 if the EU executive fails to make a law.

An EU report in May said that adopting a tax would go to great lengths to cut carbon emissions without having a major impact on employment.

Germany has also stated its willingness to target the aviation industry with a special tax.

Drawing up an EU-wide tax would however be difficult, with several EU nations insistent that tax policy remains a national policy.

Tourist destination countries, such as Spain or Greece, also fear a painful hit against low cost flying.

Brussels-based climate group Transport and Environment welcomed the initiative saying: "It's deeply unfair that everybody has to pay tax to fill up their cars but airlines don't pay a single cent in fuel excise."

The EU projects that global aviation emissions next year will be around 70 percent higher than in 2005.afp

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Life

Life

EU seeks better coordination to tackle coronavirus

Feb 13,2020

European Union nations will on Thursday (Feb 13) discuss ways to increase cooperation in a bid to tackle...

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Education

Returning Clijsters targets Dubai for eagerly-awaited comeback

Feb 10,2020 NYCourier - avatar NYCourier

Four-time Grand Slam winner Kim Clijsters announced Sunday she will return after seven years in retirement at the WTA ...

La Liga chief concerned reforms will hasten growing financial gulf

Jan 21,2020 NYCourier - avatar NYCourier

La Liga president Javier Tebas has warned Europe's top clubs of the destabilising effect seeking further riches throug...

Wilmots resigns as Iran coach

Dec 06,2019 NYCourier - avatar NYCourier

Belgian Marc Wilmots announced he was leaving his position as coach of Iran after six matches in charge which included...

Bucharest set for Euro 2020 draw as tournament enters new territory

Nov 30,2019 NYCourier - avatar NYCourier

Bucharest hosts the draw for Euro 2020 on Saturday with the fates of World Cup holders France and reigning European ch...

Juventus seek 300m euros boost to keep up with European rivals

Oct 25,2019 NYCourier - avatar NYCourier

Juventus president Andrea Agnelli on Thursday asked the club’s shareholders to approve a 300 million euro ($333 mill...

Tour de France star Groenwegen sticking with Jumbo

Oct 22,2019 NYCourier - avatar NYCourier

Sprinter Dylan Groenewegen has extended his stay with up-and-coming Dutch cycling team Jumbo-Visma intil 2023, the rid...