The new global corporate tax rate agreed upon by the G7 nations on risks undermining the cornerstone of how shipping companies are taxed today, through tonnage taxation.
The new global minimum tax rate, which is slowly coming together, is on collision course with the tonnage tax schemes, which most shipping companies are subject to today, says shipping lawyer and partner of London-based law firm Watson Farley, Richard Stephens.
Far reaching consequencesIn a formal submission to the Organization...
https://mfame.guru/collision-of-new-global-corporate-tax-with-shippings-tonnage-tax/