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Iceland: Proposed Tax Increase Aimed at Tourists

Date: September 12th, 2012 | No Comments

The government is considering an astronomical tax hike on services primarily used by tourists, including hotel accommodations, restaurant meals and attractions. If approved, the proposed increase in VAT (value-added tax), from 7 percent up to 25.5 percent, would go into effect May 1, 2013. An outcry is expected from the tourism industry, particularly from tour [read more]

Iceland: Volcano Blows Again

Date: April 14th, 2010 | No Comments

Officials thought the Eyjafjallajokull volcano eruption, which began March 20 after the mountain lay dormant for almost 200 years, had come to an end, but it roared back to life April 14. Hundreds of people fled their homes as floodwaters from melting ice rose. The volcano brought a tourist windfall in March, a record 26,000 [read more]

Iceland: Second Volcano About to Blow?

Date: June 2nd, 2010 | No Comments

Scientists warned that Iceland’s Katla volcano, much larger than Eyjafjallajokull, may be on the verge of eruption. A research paper prepared by the University College of London Institute for Risk and Disaster Reduction analyzed the last decade of seismic activity around Katla and found that an eruption soon is a strong possibility. Historically, Katla has [read more]

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