ShippingWatch

Critical look at taxes of world’s largest commercial fleet

The deep economic crisis in Greece, with the country balancing on the verge of bankruptcy without support from the outside, has increased the international attention on the country’s commercial fleet, probably the largest in the world. The focus is, among other things, the modest financial contributions from the shipowners.

Photo: /ritzau/Thomas Borberg

The economic crisis in Greece, which continues to undermine the EU’s joint currency, the Euro, and which has forced Germany and other countries to provide Greece with enormous financial aid packages, has increased the international attention on Greece’s massive commercial fleet.

Most recently, the EU Commission has asked Greece to explain how the country’s tax system affects the shipping industry, an important industry for Greece. An industry that, according to the newsletter EUBusiness, is run by the wealthiest people in the country.

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