Here is what Sweden has lost on missing tonnage tax

The Swedish shipping industry could have been 10-20% bigger than at present, creating significant revenue and jobs for the country, if it had implemented a favorable tonnage tax.
Photo: Stena Line
Photo: Stena Line
BY LOUISE VOGDRUP-SCHMIDT

Swedish carriers are thoroughly fed up with the lack of a tonnage tax system in a country where the shipping sector has slowly been unraveling in recent years. A recent analysis conducted on behalf of the Swedish Shipowners’ Association, Sveriges Redareförening, shows that a tonnage tax would have made the Swedish fleet significantly bigger than the present one, which has shrunk to less than 100 vessels.

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