Greek carriers in uproar about new tax scheme

The Greek shipping matadors are fighting the Greek government, which wants to put an end to the special tax treatment of the industry. The carriers threaten to move the industry out of the country.

Photo: /ritzau/Thomas Borberg

The Greek government wants to put a definitive end to the beneficial tax conditions that Greek shipowners have enjoyed since the 1940's, and which are part of the country's constitution. The financially struggling government in Athens is determined to do this, and in late February the government voted to change the tax conditions relating to the carriers' ships.

The decision does not please the Greek shipping matadors, who are among the richest people in the country and who own the world's largest commercial fleet in an industry that is currently one of just a few industries contributing to the country's economy, both in terms gross domestic product and jobs, according to the Guardian.

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