Analyst firm: Shipping industry paid only 7 percent in taxes for 15 years
From 2005 to 2019, the effective tax rate was only 7 percent in the shipping industry. Alphaliner expects that maritime organizations will work to ensure that tonnage tax systems are not affected by the consequences of the G7 countries' new proposal for a global corporation tax of 15 percent.
by DAG HOLMSTAD
The G7's new proposal for a global corporate tax of at least 15 percent will pose a challenge for current convenience and tonnage tax systems, writes Alphaliner.
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