Calculation of written down values under the UK tonnage tax tonnage tax are not realistic in terms of their interaction with the capital allowances regime according to international accountant and shipping adviser Moore Stephens.
EU Snoops Into Greek Shipping Tax System
October 5, 2012 by Leave a Comment
According to Greek press as German shippers are loosing market share, a driven request of the European Commission is meddling with the Greek shipping tax system. The European Commission asked Greece to clarify the workings of the tax system for its key shipping industry which is run by some of the wealthiest people in the bailed-out country. “The commission is currently looking at the tonnage tax and has asked for details from Greece,” the office of European Competition Commissioner Joaquin Almunia said. Greece has until October 30 to reply.
Officer of the Watch 