Norwegian shipping demands improved framework conditions

The framework conditions of Norwegian carriers must be significantly improved. In particular do too high taxes and charges threaten to slow down the positive development of the Norwegian maritime industry, the Norwegian Shipowners’ Associtaion says.

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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