Price of Admission

Everyone involved in shipping knows how hard it is to make money and how easy it is to lose it. Shipowners must deal with volatile markets, government regulations, operational problems as well as other risks too numerous to mention. One merely has to look at the 20 or so pages at the beginning of a SEC public filing. And now in an industry renown for not paying taxes, there is tax risk, at least in one country. We have written frequently about the retroactive tax law change to the tonnage tax regime in Norway but the discussion was mainly theoretical. With the 4th quarter reporting season, we are beginning to see the real cost in concrete examples, and it is not a pretty sight.

This is only an excerpt of Price of Admission

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login
Username
Password

Related Archive Files

• No Related Post