The Resource EU shipping taxation : the tonnage tax regime in question

EU shipping taxation : the tonnage tax regime in question

Label
EU shipping taxation : the tonnage tax regime in question
Title
EU shipping taxation : the tonnage tax regime in question
Creator
Subject
Language
eng
Summary
The article deals with the application of the tonnage system in the EU. The fiscal treatment of shipping business is characterized by the application of the tonnage tax regime. This system, based on a vessel's cargo rather than its profitability, is considered competitive and a condition sine qua non for shipowners to register their ships under the flag of a traditional register rather than under a Flag of Convenience. Under the international and the domestic perspective, tonnage tax is a determinant that attracts investment. The international allocation of taxing rights derived from shipping operations, according to Article 8 of the OECD Model Tax Convention, is influenced by the structure of the domestic tonnage tax of a Contracting State. From a European Union perspective, tonnage tax constitutes fiscal State aid which is permitted. Both the Commission and the Member States' practice have contributed to the considerable expansion of this system in the EU so that today it is the standard way of taxation of shipping profits in the EU. Expecting the review of the Commission's State aid Guidelines on maritime transport, the characteristics of the tonnage tax regime are examined
Citation source
In: The EC tax journal. - Oxford. - Vol. 13 (2012-13), p. 185-221
http://library.link/vocab/creatorName
Koukoulioti, V
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • tonnage tax
  • shipping
  • State aid
Label
EU shipping taxation : the tonnage tax regime in question
Instantiates
Publication
Label
EU shipping taxation : the tonnage tax regime in question
Publication

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