Greek lenders want higher shipping taxes

Greek creditors propose increased taxation of ship management companies and a gradual dissolving of the favorable tax legislation that has a history of protecting the country's shipping industry.

Photo: Pressefoto

During negotiations with the government in Athens, Greece's international lenders have been pushing for an increase in the taxation of two of the country's most important industries, shipping and tourism.

According to news media Seatrade Maritime News, the creditors have made a proposal on June 25th to increase taxation of the many Greek-based ship management companies, and also gradually dissolve the political and economical framework which has historically ensured very favorable conditions for the country's shipowners.

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