Greek shipowners: Higher taxes will trigger out-flagging

Greek carriers will be among the highest taxpayers by international standards as a result of new EU tax regulations, says the president of the Union of Greek Shipowners, who warns of out-flagging.

Photo: Ritzau Scanpix/AP/Dimitri Messinis

Greek carriers risk paying what could be the highest taxation in the shipping industry compared to other nations if the EU Commission's requirements for steeper taxation of the country's carriers is carried out.

This is the assessment from the Union of Greek Shipowners in a speech made by union president Theodoros Veniamis ahead of the event Posidonia 2015 next month. He warns that a tightening of the Greek tonnage tax scheme, which has been a model for other shipping nations, could trigger many carriers to flag out of Europe.

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