ICC Taxation Commission appoints new chair

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03 June 2010

The International Chambers of Commerce has announced a new chair of the ICC Commission on Taxation, which opposes tax obstacles to cross-border trade and investment.

The International Chambers of Commerce (ICC) has announced Theo Keijzer as chair of the ICC Commission on Taxation, which promotes an international tax system without tax obstacles to cross-border trade and...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%