08/18/2009
International recognition for Luxembourg
Read on a website in the US, F.A.Q. page:
Do you ship outside the U.S.?
Yes, however we do not accept orders from the following countries due to the high rate of fraud:
Argentina, Bermuda, Brazil, Cayman Islands, Chile, Colombia, Corsica, Costa Rica, Croatia, Cyprus, Czech Republic, Ecuador, Egypt, El Salvador, Estonia, Fiji, French Polynesia, Grenada, Guatemala, Hungary, Iceland, India, Indonesia, Kuwait, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Martinique, Mauritius, Mexico, Netherlands Antilles, New Caledonia, Nigeria, Panama, Paraguay, Peru, Philippines, Qatar, Russia, Saudi Arabia, Singapore, Slovakia, Slovenia, St Lucia, Syria, Thailand, Turkey, Uruguay, Venezuela, Yugoslavia.
Many of the above countries are "tax havens", or developing countries, or countries of Estern Europe.
It is amazing but not a surprise to see Luxembourg on this list. It is the result of a lax legal and regulatory framework in the jurisdiction.
08:10 Posted in Luxembourg | Permalink | Comments (3)
Comments
I think this says more about American general lack of knowledge of geography and history, and hence a faulty education system, than about Luxembourg, or fraud for that matter.
Corsica is listed as a country. And apparently Yougoslavia never split up. Oh, and the U.S.S.R. is missing, or did the iron curtain fall already?
Posted by: Oscar Z. Acosta | 08/18/2009
You are right, but it remains that sources that are more official identify problems in Luxembourg, which should be of concern for the Luxembourg authorities
For example the COFACE. See http://www.trading-safely.com/sitecwp/cefr.nsf
For Luxembourg, the business environment is assessed A2: « L'environnement des affaires est satisfaisant. Les bilans des entreprises, quand ils sont disponibles, sont fiables. Le recouvrement de créances fonctionne convenablement. Les institutions sont globalement performantes. Les entreprises évoluent dans un cadre relativement stable mais perfectible.”
(free translation: Business environment is satisfactory. The balance sheets of companies, when they are available, are reliable. The levy of credences works properly. The institutions are overall powerful. The companies evolve within a relatively stable but perfectible framework.)
Luxembourg has the same assessment as Hungary, Slovenia and Slovakia, which is a little bit better than Poland (A3) or Romania (A4).
Western countries should be assessed A1 like France, Germany, Switzerland, Belgium, Austria, United Kingdom, Sweden…
Posted by: Jérôme Turquey | 08/18/2009
Informations très utiles et intéressantes, je lis aussi régulièrement votre site en langue française.
Une petite préscision - selon COFACE, le Luxembourg est classé A1 depuis mars 2009
(voir aussi
http://www.trading-safely.com/sitecwp/cefr.nsf/vwNL/B7C464D916B9FF9EC12575ED003D1D6A)
Salutations cordiales,
Steve Staudt
Posted by: Steve STAUDT | 08/24/2009
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