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29 September 2020 The on-line newspaper devoted to the world of transports 06:12 GMT+2

May 16, 2001

Shipowner calls for tonnage tax

It would create a more tax-friendly environment

Alan Peat

RAISING ITS restive head again is tonnage tax - a beneficial type of tax regime intended to encourage local shipowning.
This is a limited fixed tax which is based on a shipowner's total freight tonnage handled - not an income tax as is currently the case.
Victor Restis, executive chairman of SA Marine ......
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