Quote:
Originally Posted by pbazar  The GIE Perles de Tahiti went out of business last month after the Tong Sang government eliminated the Tahitian pearl export tax for the last three months of this year. A part of that tax financed the GIE's operations, which focused on promoting Tahitian cultured pearls and byproducts in such major overseas markets as the U.S.A., Europe and Japan.
However, the Conseil d'Etat (Council of State) in Paris annulled the "country law" adopted by the French Polynesia Assembly in August to eliminate the pearl export tax. The ruling was based on a technicality—Tuamotu pearl producer Michel Yip should not have participated in the assembly's vote on the tax |
GIE PdT is not quite dead yet. They're claiming their share of the tax now that it is no longer suspended, but I'm sure the money's long gone...
If the GIE PdT does get the money, they will no longer be bankrupt, but very much alive again.
Just for info, Gaston Flosse, former president of FP and current Senator is the one who filed for the canceling of the tax suspension.