Too high taxes on ownership, elimination of the inheritance tax and the Norwegian wealth tax are just some of the issues the Norwegian Shipowners’ Associtaion suggests that Norwegian politicians reconsider if the maritime industry in Norway shall continue to compete on a global scale in a still tougher competition.
“The innovation and creativity of Norwegian shipping are much driven by entrepreneurship. The present ownership taxation is not competitive. It is necessary to remove the Norwegian wealth tax in order to make Norway an attractive place for active owners. Furthermore, we believe that the inheritance tax must be removed and that the regulation concerning fiscal addresses must be harmonised with the surrounding countries,” the Norwegian Shipowners’ Association states in its market development report “Major maritime opportunities” published on Thursday.
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