European shipping lines are paying less than 2% tax on billion-dollar profits ...Middle East

Quartz - Economy
European shipping lines are paying less than 2% tax on billion-dollar profits
Three European shipping lines are paying virtually no taxes on their record-breaking pandemic profits. Thanks to special “tonnage tax” systems, which tax shipping lines based on the size of their fleets and not their profits, Maersk, CMA CGM, and Hapag-Lloyd paid less than $330 million in taxes on a combined $21…Read more...

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