Global Warming Puts Heat On Tax Haven Andorra Economy For 2007
After two decades of growing visitor numbers, Andorra has been increasing her visitor numbers to over ten million a year for ski holidays and happily investing for the future to ensure she remains as one of Europe's top ski destinations but that came to a screeching halt earlier this year when the one thing a ski destination really needs didn't arrive - snow.
The Andorra authorities are hoping that the lack of snow which kept so many regular visitors as well as new ones away this year is a one off, and that snow in November will mean a normal level of bookings for the new season.
But if this year is a sign of things to come for the European ski industry as a result of global warming, Andorra is considering a future with little snow, and having to diversify.
Andorra is a tax free country, and benefits from high employment in the financial services and banking sectors, but reports from the country suggest that revenue raising via a new corporate tax is being considered.
But according to a local on-line travel guide for Andorra this is unlikely.
Introducing a corporation tax could be counter-productive as a revenue raiser, they say, adding that Andorra is along with Monaco Europe's most complete tax haven, and it would give high net worth individuals who would be looking for residency in Andorra and spending money in the country second thoughts. The Andorra authorities know that they can't start introducing personal income tax because that really would kill the goose that lays the golden egg. Take away Andorra's ski industry and the country is in trouble - take away her tax haven status too and it would decimate her economy.
New Investment
Andorra has invested heavily in new infrastructure and facilities for the ski tourist in recent years, which would make a second successive poor season particularly hard to bear.
This year Andorra opened a new family friendly ski park in Arinsal, moving away further still from her old image of a cheap and cheerful ski holiday for 18-30 year olds to one that caters well for all.
The snow park includes a conveyor belt and a game zone, designed to give children confidence before they ski and use the chair lifts.
Well known ski villages in Andorra include Soldeu, Ordino as well as Arinsal.
Other new developments in Andorra for the 2007 ski season included a 540 space underground car park in La Massana close to the cable car, and an extension of the beginners area in Arinsal.
Commenting on the new facilities, the travel guide for Andorra claims that should the snow levels return to normal it will allow Andorra to compete with other ski areas in Europe for years to come.
Related Tags: environment, global warming, taxes, andorra, barcelona hotels, expedia
For holiday information about Andorra, including the weather in Andorra, for the skier expedia snowboard and ski holidays and hotels in Barcelona visit yourandorra.com
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- The Beginning of the Cataloging Code
The first significant cataloging code was published in 1841. The realization that cooperation and s - In the Lap of the Gods 24
Life moved on. Lily became well liked by both students and staff because of her cheerful outlook on - Write Your Memoir: How to Write About What Troubles You the Most
Everyone has a story to tell, and unfortunately those stories aren't always pleasant. What makes me - In the Lap of the Gods 23
Does fate decide the future? Is it all mapped out for us, predestined, or can we influence what com - How Crafty Word Order Can Instantly Improve Your Writing
by Philip Yaffe I am usually very reticent about offering writing tips. Unless they are linked to - You Say Grandpa, I Say Deda
I was born with two grandmothers but only one grandfather. In nature's rules of familial supply and - My Russian American Dichotomy
I was a Russian girl and an American teenager. I had no choice about the first but I tried very har - In the Lap of the Gods 22
This is just an explanation for those who have read some of the other Chapters of, "In the Lap of t - Write a Book: 8 Reasons You Should Do it
Studies have shown that 82% of people want to write a book, but few of these actually ever achieve - Book Review: the Book of Common Prayer
Book Review: The Book of Common Prayer, "My carry-with-me copy is this size, and I recommend it for
Most viewed articles in this category:
- Real Estate Investment - Investing In Commercial Properties
As in any other type of investment, its obviously advisable to do your research well so that the pro - Taking Care Of Acne Prone Skin With Proper Skin Care Products
Although acne has been largely associated with teeners and puberty, the condition is not only confin - Do I Really Need Eight Hours Of Sleep Each Night?
What if you were told that there is no definitive answer for why we need to sleep? Your initial reac - How to Improve Your FICO Credit Score
If you didn't know this already, having a good credit score is more important than having a lot of c - 10 Tips for a Magnificent Memory
"Where did I leave my keys?" "What did I come in here for?" "Your glasses are on top of your head!" - Things You Might Like To Know About Card Companies
If you have a regular income and are 18 or over then you may be able to get a credit card. You will - Bad Breath in Babies and Toddlers
If your baby or toddler has had bad breath lately, not to worry. There are plenty of things you can - Cosmetic Surgery Financing: How Can You Get It?
Cosmetic surgery, a branch of plastic surgery, can be quite expensive, especially if you are plannin - Starving College Students No More
The majority of today's college students are extremely Internet savvy. In fact, many of those studen - Article Marketing, Improve Your Ranking With Links
Article Marketing, without a doubt remains the best free formula for attracting website traffic. At
