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International Finance Regulation

Shipowners will soon face taxes as well as death

Pressure for global minimum corporation tax now looks irresistible. Shipping doesn’t need specific exemption, but it’s time to scrap secretive accountancy practices that contribute to its hole-in-the-corner reputation

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If the industry is effectively in the same tax bracket as substantial trucking outfits or high-street retail chains, the matter could be put beyond doubt by publishing the proof

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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