US authority the Federal Maritime Commission (FMC) is dialing up its investigative and prosecution functions in order to enforce the country’s Shipping Act.
The FMC has established a new unit by the name Bureau of Enforcement, Investigations, and Compliance (BEIC), effective immediately, according to a statement issued Monday.
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A VAT dispute in Latvia has now left ferry operator DFDS with millions of kroner in extra costs and a future of navigating a bureacratic minefield. However, the Danish carrier predicts challenges throughout the industry: ”It is only when it’s actually happening, that you realize it is a problem,” warns the company’s indirect tax manager.