Projects are exempted from income and social services taxes by 25%, 50%, or 75% for a ten-year period, depending on the location of the project.
Imported fixed assets are 100% exempted from customs duties and taxes.
Duty and quota free access to the US market through the Qualifying Industrial Zones (QIZ).
Duty free access to EU markets.
Access to more than 10 Arab countries through the AFTA.
Bilateral agreements and favorable protocols with over 20 countries.
Tag: President Obama
A Rescue Plan for the U.S. Economy
Money Morning Executive Editor William Patalon III, Fitz-Gerald took the time to outline that eight-point rescue plan for the U.S. economy. In that plan, the changes Fitz-Gerald calls for include:
• Cuts in federal spending.
• Pension reforms at all levels.
• A halt to weak-dollar policies.
• And a realization by Washington that it’s time to take China much more seriously.
In Part I of this interview, which appeared yesterday (Thursday), Fitz-Gerald assessed the health of the U.S. and global economies, provided his outlook for the U.S. stock market and for commodity prices, and even offered an investment strategy for 2011.