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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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