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Iceland: Extensive Revisions to Tax Regime Adopted

(Jan. 4, 2010) On December 21, 2009, the Althingi (Iceland's parliament) passed into law major changes to the country's taxation system. The changes include institution of a three-bracket progressive tax regime for personal income, an increase in the capital gains tax, and an increase in corporate tax rates. (Icelandic Parliament Passes Far-Reaching Tax Reform Bill […]

Iceland: Parliament Signals Agreement on Joining European Union

(July 21, 2009) Under the Treaty on European Union (EU) any European State may apply for membership of the EU (subject to criteria set by the European Council at its 1993 summit in Copenhagen). All EU Members (27 at present) must unanimously agree on the candidate country becoming a full member. (See, e.g., Accession Criteria […]

Iceland: Child Sexual Exploitation Convention Signed

(Mar. 2, 2008) On February 4, 2008, Iceland signed the Council of Europe's Convention on the Protection of Children Against Sexual Exploitation and Sexual Abuse (CETS No. 201, available at http://www.conventions.coe.int/Treaty/Commun/QueVoulezVous.asp?NT=201&CM=1&CL=ENG). Thus far, 27 states have signed the Convention, but none have ratified it. (Iceland Sings [sic] Council of Europe Convention on the Protection of […]