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09 December 2019 The on-line newspaper devoted to the world of transports 06:35 GMT+1

November 16, 1998

New low-tax package for German fleet "healthy"

NEW fiscal package aimed at promoting the German shipping register is "healthier" than the much criticised KG (limited partnership) system which it replaces, says German classification society Germanische Lloyd (GL).

Rainer Schoendube, a member of GL's executive board, said the new Tonnage Tax system would be an improvement on the KG system because ......
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