Taxation

US, Monaco, sign tax info deal, plus more

US, Monaco, sign tax info deal, plus more

Monaco

Good Morning Monaco – Wednesday, December 2, 2020

British whistleblower languishes in Croatia as Swiss launch probe
The Swiss authorities have launched an inquiry into allegations of bribery against SBM Offshore, the Dutch maritime company with a regional office in Monaco.

US and Monaco to exchange tax reports The US Internal Revenue Service has announced that the US and Monaco have agreed to automatically exchange country-by-country reports on large...

https://allaboutshipping.co.uk/2020/12/02/us-monaco-sign-tax-info-deal-plus-more/

Freight Association comments on shipping line surcharges

Robert Keen

Freight Association comments on shipping line surcharges

The British International Freight Association (BIFA) says that recent announcements by some container shipping lines that they will discontinue low sulphur fuel surcharges will be welcome news for its members.

The trade association for UK freight forwarding and logistics companies has long challenged the legitimacy of shipping line surcharges.

It accused the carriers of profiteering when they announced in 2018, almost in unison,...

https://www.allaboutshipping.co.uk/2020/09/08/freight-association-comments-on-shipping-line-surcharges/

Few people can understand these Markets, Geopolitics and Coronavirus

John Faraclas

Few people can understand these Markets, Geopolitics and Coronavirus

It might sound cynical but this is the truth… Capes “lift” the BDI from the sea-bottom and now at 427 “promises” to surpass the first “hurdle” being that of 500 points – we have a long way to go…  Messy Geopolitics with the US$ 260 trillion global debt are now a ticking bomb coupled with the Coronavirus (COVID-19) mess. John Faraclas’ daily recap:

20 points plus and the BDI  (Baltic Dry Index) “sets” sail… and...

https://www.allaboutshipping.co.uk/2020/05/18/few-people-can-understand-these-markets-geopolitics-and-coronavirus/

New ITF report on “Maritime subsidies”: FEPORT calls for more transparency and a review of the Maritime State Aid Guidelines

FEPORT’s President, Gunther Bonz.

New ITF report on “Maritime subsidies”: FEPORT calls for more transparency and a review of the Maritime State Aid Guidelines to achieve it

Brussels, September 20th, 2019

FEPORT who represents the private port companies and terminals performing cargo handling activities in EU ports welcomes the publication of ITF OECD report on “Maritime subsidies” as it sheds light on a number of taxation practices which are not included in the last version Maritime State Aid...

http://www.allaboutshipping.co.uk/2019/09/20/new-itf-report-on-maritime-subsidies-feport-calls-for-more-transparency-and-a-review-of-the-maritime-state-aid-guidelines/

Deloitte Launches New Customs Compliance Business – Deloitte Global Trade Bureau

Deloitte Launches New Customs Compliance Business – Deloitte Global Trade Bureau

Deloitte is announcing the launch of Deloitte Global Trade Bureau, its new customs compliance business. Deloitte Global Trade Bureau will help clients understand customs regulations by submitting supplementary customs declarations on their behalf.

Underpinned by technology, the Deloitte Global Trade Bureau offering will gather data on movements of goods from clients through its secure electronic portal and prepare...

http://www.allaboutshipping.co.uk/2019/08/08/deloitte-launches-new-customs-compliance-business-deloitte-global-trade-bureau/

Inside the fast-evolving world of smart shipping

Bourbon and Bureau Veritas talk cyber technology

Inside the fast-evolving world of smart shipping

AUTONOMOUS SHIPS: WHERE DO WE REALLY STAND?

Advances in autonomous technology offer shipowners advantages in terms of safety and cost. They also raise regulatory challenges.

SMARTER TOGETHER: BOURBON AND BUREAU VERITAS TALK CYBER TECHNOLOGY

Bourbon and Bureau Veritas discuss their new smart shipping projects and the growing importance of cyber technology in the maritime industry. ➔

regulatory.png
➔ NI 641 Guidelines for Autonomous...

http://www.allaboutshipping.co.uk/2019/07/12/inside-the-fast-evolving-world-of-smart-shipping/

Design Studies for replacement of R/V DANA (1981).

Design Studies for replacement of R/V DANA (1981).

KNUD E. HANSEN and DTU Aqua (Technical University of Denmark) has  completed the comprehensive design study for a new 65‐m multidisciplinary  marine research vessel. Looking ahead DTU Aqua urgently needs to replace the aging R/V DANA IV as it is facing a 40‐year Class survey in ultimo 2022.

The purpose of the project has been to develop a concept design and budgetary cost  estimate for the replacement of the R/V DANA with scientific capacity...

http://www.allaboutshipping.co.uk/2019/06/11/design-studies-for-replacement-of-rv-dana-1981/

No more treaty shopping?

No more treaty shopping?

Many global shipping companies face increased tax bills following coordinated international anti-avoidance measures. These will restrict companies’ potential for ‘treaty shopping’ – benefiting from tax relief available under double tax treaties without real commercial justification.

Sue Bill

The measures stem from the OECD’s Base Erosion and Profit Shifting (BEPS) initiative to combat tax avoidance.

Countries are signing up to a multilateral convention – known as the...

http://www.allaboutshipping.co.uk/2019/03/26/no-more-treaty-shopping/

HMRC on panel at MTD events

Invite eminder: Making Tax Digital: HMRC to join panel for January events

With the Making Tax Digital (MTD) April 2019 deadline fast approaching, now is the time to act!

Our January MTD events will give you the chance to have your questions answered by a panel of industry experts, including representatives from HMRC.

The panel will discuss all things MTD and highlight what steps you need to be taking to be complaint.

Click the relevant button below to register your place. This is one not to be...

http://www.allaboutshipping.co.uk/2018/12/13/hmrc-on-panel-at-mtd-events/

UK tax regime continues to provide stability for shipping and offshore maritime

Sue Bill

International accountant and shipping consultant Moore Stephens has outlined a number of unexpected changes introduced by the UK Budget 2018 which could have implications for the shipping and offshore maritime industries. But it stresses that these are relatively minor alterations which will have a limited impact on what continues to be a stable tax regime for the maritime sector.

The Annual Investment Allowance (AIA) will increase from £200,000 to £1m per annum for all qualifying...

http://www.allaboutshipping.co.uk/2018/10/30/uk-tax-regime-continues-to-provide-stability-for-shipping-and-offshore-maritime/

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