Spanish Yards Criticise Dutch Shipyards Financial Practices
March 20, 2013 by Leave a Comment
During Early February the Spanish Association of Maritime Industries (ADIMDE) and The Basque Maritime Forum have presented the European Commission with a paper which criticises the Dutch financial leasing system for vessels. In particular the coalition requested that the anticipated and accelerated amortisation between 2009 and 2011 be investigated to determine whether it is selective and whether (in combination with other tax incentives to acquire vessels in Holland) it constitutes state aid amounting to a 35% subsidy of the price per vessel.