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13 December 2019 The on-line newspaper devoted to the world of transports 09:09 GMT+1



DECEMBER 29, 1997

BRAZILIAN-FLAG VESSELS FACE US TAX THREAT

The bone of contention is a new Brazilian tax-incentive system

[WASHINGTON]

Brazilian-flag vessels have been warned by the US they may be stripped of their exemption from US tonnage taxes and light money if Brazil promulgates regulations granting special tax breaks to shippers who book cargoes with vessels on the country's new second register.

The warning ......
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