By Michele Kambas NICOSIA, Jan 13 (Reuters) – Cyprus has suggested automatic renewals of tonnage tax systems as one of a series of measures to halt defections and bolster the shipping industry hit by…
https://gcaptain.com/cyprus-floats-automatic-ship-tonnage-tax-renewal-to-buffer-eu-shipping-sector/
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/
René Zulauf and Manuel Angehrn of Deloitte Switzerland look at how the federal government has planned to boost the country’s attractiveness as an international business hub for maritime activities, reports International Tax Review.
11th largest fleetSwitzerland, located geographically in the heart of Europe, is associated with mountain peaks rather than a global maritime reach. However the country has one of the largest maritime merchant fleets in the world (11th in size globally, close...
https://mfame.guru/swiss-government-proposes-a-tonnage-tax-for-maritime-activities/
The three extended measures refer to a reduced tonnage tax rate for large vessels exceeding 50,000 net tons.