Faroese waters. In order to be covered by FAS it is also necessary that the ship owner in question is a resident in the Faroe Islands. If the ship owner is a company it has to be registered in the Faroe Islands [...] n. Section 4 income is taxed by 27% whether the business is run by a company or by an individual. This type of income is assessed independently (ring fenced), and the income tax is calculated of this income [...] run as a company that is tax liable subject to the Hydrocarbon Tax Act only, pay tax on »derivative income« by 20%. C. Tax Rates. As is apparent from what I have outlined above, the tax liability is of great

sigur R.J. Samuelson tað soleiðis: "The question about China?s economy is no longer what it will do to China but what it will do to the rest of the World," ella spurningurin er ikki longur hvat kinesiski [...] som er af samme systemændrende karakter, som da USA i begyndelsen af forrige århundrede for alvor trådte ind på scenen. Det Verden er vidne til i disse år, er den dramatiske fødsel af en ny supermagt [...] áðrenn handilin var undirskrivaður. Kinesiskar fyritøkur liggja framvið at keypa oljufeløg, sum hava know-how á off-shore økinum. Kinesarar satsa uppá framkomin økir sum bio-teknologi og it-ídnað (Jyllands-Posten)

have been transferred to southern European countries, where tax is substantially lower. Another issue is, how do you tax people and how do you tax investments?”, says the minister. While all these questions [...] Oil companies have for a long time being looking for a clear-cut taxation situation between the Faroes and the UK. A dual tax agreement has now finally been agreed between the two countries, and this will [...] signed a new dual taxation agreement, which will come into force on the 1st of January 2008, after it supposedly is passed both by the UK and Faroe parliaments. Satisfied minister The Faroe minister is very

March this year, described her experience in a radio programme in this way: »It’s a cosmic experience. The Faroe Islands is a country which is – and is not. It is in constant flux. It keeps disappearing: One [...] •… has a total export of DKK 3,579,300,000 (2005). •… has a total imports of DKK 3,911,600,000 (2005). •… GDP is DKK 9,699,000,000 (2003). Do you want to know more? If you would like to get to know the Faroe [...] the Faroe Islands”. I’ll quote from this article: Like Reality and Fairy–Tale in One »The Faroe Islands is easily the most moodily beautiful place I have ever been. Each island is a giant slice of elaborately

with the Bath Water So in a way, the Faroes sell themselves as a tourist destination, but since we have not really developed a real tourism industry yet, it is essential that we do our best to meet this [...] are equally small – so we must know how to get attention in a way that is not too costly. We have to rely heavily on editorial mentioning, so we work very hard to build up a contact network with journalists [...] organisation. Unspoiled Territory to Explore What advantages do the Faroe Islands have as a travel destination? The fact that our country is a small archipelago in the middle of the big ocean in the periphery

sea, they have managed to produce a most remarkable society and at the very heart of that society is a streak of practicality that the world would do well to adopt. A case in point involves that remarkable [...] put together in a very practical and efficient way. Now promoting the Faroes and its potential is a pleasant and engaging task and over the years I have nurtured relationships with a variety of international [...] flourished, and the people of the Faroes evince a most remarkable spirit of forbearance and determination. I did not know any of this, of course, when I first arrived with my wife some eleven years ago

n and expensive coffee before catching a bumpy flight north. I do not know everything that awaits us in the Faroes, but I highly anticipate the natural beauty, a new family and comm­unity, and the wool [...] with locals is a great opportunity to learn about a culture and find the best restaurants. It also saves money, which is essential for two young unemployed journalists traveling in Europe for a month with [...] life together in Klaksvik. After a week of marriage, we left my home in rural America, a place of big highways, big sky and a big family, to travel across the Balkans, a land of young coun­tries, local

demystified. This is not a dream, but real life – and I can’t do anything but love it. Rather than being intimidating, the size of the country is what makes it so full of opportunities for a person to shape [...] as I think is more fitting). However much I like the U.S., it does have its less positive sides. Some stereotypes about its citizens are true to a great extent. Americans know America. Period. I am left [...] in some ways, and maybe even a little dangerous. The usual reaction I get when talking to people at home about studying in the U.S. is something like this: “I don’t think I could live there, it’s just too

night. I wonder what he was thinking Did I give him a fright? Why do I think so much About someone I don´t really know? It was only a brief encounter But sure makes my head grow. Weeks have passed, a weekend [...] "Never" I said, "I´m out and about You should do the same. Never put a mask on your face Never feel ashamed." "Religious suroundings I do have, So this I cannot do. But one thing you must know, Real, my [...] same?" "´x´ is my name, how do you do?" Smiles and sends me his eyes. One hand is his, the other one pulled "Fine, but I gotta fly." His face fades from my mind In and out this night. When all is closed and

whale, I feel it too and I can identify with the horror they experience. I know I cannot easily convince other humans to understand what I feel and what I have experienced but it is real and it is profound [...] their sentience. This is not about killing a cow, a sheep, or a pig raised for human consumption. This is akin to killing a mountain gorilla, a chimpanzee, or an orangutan. It is simply ethically and morally [...] what they feel, I react as they would react if they had the means to do so, and because I am human, I have the means to react to defend them and I do. Empathy is the experience of a foreign consciousness