Calling All Meeting Planners! Arubas Gorgeous Beaches, Luxury Resorts, And Tax Incentives Make It An Irresistible Choice.
Aruba is more than just picture perfect beaches, beautiful weather and an oasis of relaxation. Its now one of the best places in the world to hold a business meeting, convention or other corporate function. Why? The U.S. Treasury Department announced that the United States and Aruba signed the Tax Information Exchange Agreement (TIEA) between the two countries. How would this be of interest to event and meeting planners? Because conducting meetings on Aruba will now be exactly like having meetings in the United States, in terms of tax benefits. Thats right; U.S. taxpayers can claim tax deductions for all expenses associated with meetings, seminars and conventions held in Aruba. As a result, Aruba now becomes the ninth significant offshore financial center to sign such an agreement with the United States.
So, why did this agreement happen in the first place? Well, besides the economic benefit that Aruba will no doubt enjoy from the increased business, there are a few other good reasons:
Its an example of goodwill between the U.S. and...