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July 8, 2008
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- Shipping industry seeks cut in taxes
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- Gunjan Pradhan Sinha, ET Bureau
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- NEW DELHI: The objective of imposing a tonnage tax instead of
corporate tax on the Indian shipping industry may have been lost. A
host of new taxes including fringe benefit tax (FBT) and service tax
have increased the tax payouts of shipping companies diluting the
benefits of shifting from a corporate tax regime to a tonnage tax
regime
......
Read more on The Economic Times
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