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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI just realized Greece is a world leader in shipping.
What would a Greek collapse mean for worldwide shipping?
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I just realized Greece is a world leader in shipping. (Original Post)
KamaAina
Jul 2015
OP
It's a world leader in shipping magnates who are exempt from taxes if they have an office in Greece.
PoliticAverse
Jul 2015
#1
PoliticAverse
(26,366 posts)1. It's a world leader in shipping magnates who are exempt from taxes if they have an office in Greece.
elehhhhna
(32,076 posts)2. did you know shipping has a special no-tax status from the Greek government?
Think that maybe part of their tax receipts problems?
KamaAina
(78,249 posts)3. Hmmmm... could be.
I did not know that! </johnny-carson>
http://www.bloomberg.com/news/articles/2015-03-09/billionaire-greek-shippers-surface-on-tax-exempt-overseas-profit
As social pressures mount, the privileged tax status of the shipping industry has come under increasing scrutiny as successive Greek governments look to boost revenue. The industry pays no tax on international earnings brought into the country under rules incorporated in Greeces constitution in 1967.
As social pressures mount, the privileged tax status of the shipping industry has come under increasing scrutiny as successive Greek governments look to boost revenue. The industry pays no tax on international earnings brought into the country under rules incorporated in Greeces constitution in 1967.
KamaAina
(78,249 posts)5. Why aren't the Germans pressing them on that?
Instead of demanding that the Greek people scrape by under austerity?
hifiguy
(33,688 posts)6. Lots of Benzes, Audis, BMWs and VWs
are shipped on those tax-exempt Greek ships, maybe?
geek tragedy
(68,868 posts)7. They are. nt
KamaAina
(78,249 posts)8. And Syriza is resisting?
In favor of austerity?
One_Life_To_Give
(6,036 posts)9. Can't upset the Oligarchs nt
KamaAina
(78,249 posts)10. I kind of thought that was the whole point of Syriza
elehhhhna
(32,076 posts)11. wait, what?!!
geek tragedy
(68,868 posts)14. Fear is Greek shipping companies can just base
themselves somewhere else.
meow2u3
(24,776 posts)12. If the troika wants austerity so much, why not tax the shipping magnates?
They can get the debt paid lickety-split if they tax the shipping bigwigs instead of the people who have nothing.
KamaAina
(78,249 posts)13. Beats me.