Danish ministry admits to "considerable uncertainty" when calculating state aid for shipping

The Danish state's computation of state subsidies for shipping are so uncertain that they only comprise an "overall estimate," according to Danish Ministry of Taxation. Institutions such as the OECD have previously called for more accurate figures that would make it possible to calculate the impact of shipping subsidies.

Photo: Gorm Branderup/ Scanpix

More Danish carriers are on track for billion-dollar bottom lines this year, and as usual it will be tax-free sailing through the fiscal year. This is possible due to state subsidies in the form of less strict taxation by way of Danish tonnage tax.

However, exactly how much state aid for shipping costs the state each year in tax revenue forgone is nevertheless highly uncertain, writes the Ministry of Taxation.

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