     |
|
|
||
|
|
||
|
|
|
|
|
|
|
||||||||||||||||||
|
          Shipping Stevedoring Port Services Hydrocarbons Diving  Sep-Oct 2008 
       |
|
India moves to protect its flag06 February 2004
Indian government agrees to level the seas with a tonnage tax on foreign vessels, Lloyds List reports The Indian Government has responded to lobbying by national shipowners and unions with a tonnage tax on foreign ships to be included in the 2004-05 budget . As in Australia, high taxation rates give foreign lines a huge advantage, forcing many shipowners to flag out. Bharat Sheth, joint managing director of the country's largest private sector shipowner, Great Eastern Shipping told Lloyds: "It will definitely offer Indian companies a level playing-field with foreign shipowners." Lloyds List reports that the figure is not expected to exceed 3% of pre-tax profit, compared with the 12%-15% corporate tax shipping firms have been paying.
For further information
Public News: You can view MUA's publicly available news in a variety of ways. Please select one of our public news indexes. |
||||||||||||||||||
|
|
|
|
|
|
  |
    |
This page: http://mua.org.au/news/shipping/india.html Site proudly designed and engineered by Social Change Online |
© 2001 Maritime Union of Australia (MUA) |
