Greek shipowners threatened to comply with new taxation

The Greek Shipowners' Association has supposedly threatened members with exposing them as tax evaders unless they volunatarily agree to pay more tax to the country's struggling economy.

At a meeting in London on Thursday, an association of Greek shipowners representing 120 London-based shipowners, The Greek Hellenic Cooperation Committee, not only decided to support Greece's new tax rules for shipping, the association also decided to double the members' tax contribution for the country's struggling economy over the next three years.

The decision comes after the Greek Shipowners' Association earlier this month threatened its members with exposing them in the media as tax evaders if they failed to support the decision to increase the shipping companies' tax contribution in order to help the struggling Greek economy, writes Hellenic Shipping News.

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