Shipping taxation: perspectives and impact on flag choice
The tax treatment of the shipping industry over the last 30 years exhibits alternative forms of corporate taxation systems implemented by various governments. A consensus view of the way in which shipping should be treated for tax purposes has resulted in the widely adopted form of the tonnage tax. The aim of the paper is to examine the success or otherwise of such shipping fiscal policies in respect of widely accepted perspectives and set objectives. The focus of the study is on the UK registry, investigating the impact of the introduction of the UK tonnage tax. Noteworthy results emerge along with the understanding that, in the long run, the tonnage tax seems to be connected more with the 'flagging out' of foreign owned tonnage than with the 'flagging in' of nationally owned vessels. The findings can be considered to have broader implications for the competitiveness of national ship registries and for policy making.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/17566517
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Supplemental Notes:
- Abstract used with permission from the publisher.
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Authors:
- Marlow, Peter
- Mitroussi, Kyriaki
- Publication Date: 2011
Language
- English
Media Info
- Media Type: Print
- Features: Figures; References;
- Pagination: pp 349-364
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Serial:
- International Journal of Shipping and Transport Logistics
- Volume: 3
- Issue Number: 4
- Publisher: Inderscience Enterprises Limited
- ISSN: 1756-6517
- EISSN: 1756-6525
- Serial URL: http://www.inderscience.com/jhome.php?jcode=ijstl
Subject/Index Terms
- TRT Terms: Economic impacts; Flags of convenience; Policy making; Registry; Shipping; Taxation; Tonnage
- Uncontrolled Terms: Flags; Tonnage taxes (Shipping)
- Geographic Terms: United Kingdom
- Subject Areas: Economics; Finance; Freight Transportation; Marine Transportation; Policy;
Filing Info
- Accession Number: 01357066
- Record Type: Publication
- Files: TRIS
- Created Date: Nov 16 2011 2:51PM