AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Suzuki hits out in Japanese tonnage tax row.
(From Lloyds List)
MITSUI OSK chairman Kunio Suzuki has lashed out at Japan's ministry of finance for dragging its feet on introducing a tonnage-based tax system for the nations' shipbuilders, writes Mike Grinter in Hong Kong.
He warned the ministry that the country's shipping sector faced a steep decline if a tonnage tax was not introduced next year.
Mr Suzuki is also president of the Japanese Shipowners Association. It and the ministry of land, infrastructure and transport have been lobbying the finance ministry for a tonnage tax since the beginning of the year.
Despite making a number of concessions, including a pledge to recruit more Japanese seafarers and introduce a raft of new training programmes,the finance ministry is proving a stubborn opponent.
With just 10 days left before the move would be time-barred from adoption in fiscal 2007, Mr Suzuki has gone on the offensive.
According to a Kaiji press translation of Mr Suzuki's press conference, confirmed by the JSA, he said: 'Without a tonnage-based taxation Japan's oceangoing shipping companies will crumble. Japan's shipping companies are responsible for carrying and securing almost all of its energy needs.
- Horizon Lines Responds to Challenge to Tonnage Tax in Puerto Rico.
- Press release article from: PR Newswire December 12, 2007 700+ words
...today responded to a challenge to Puerto Rico's tonnage tax eligibility. Included as part of the American Jobs Creation Act of 2004, the tonnage tax allows corporations to pay a tonnage tax as opposed to the regular U.S. corporate income...
- KOREAN GOVT TO INTRODUCE TONNAGE TAX SYSTEM EARLY 2003.
- News wire article from: AsiaPulse News November 20, 2002 700+ words
...Wednesday it is planning to introduce a tonnage tax system to the shipping industry to enhance...After an explanatory session on the tonnage tax involving shipping firms and the press...as next year," the ministry said. Tonnage tax entails taxing the shipping companies...
- OPTIONAL TONNAGE TAX TO MAKE INDIAN SHIPPING SECTOR COMPETITIVE.
- News wire article from: AsiaPulse News July 9, 2004 700+ words
...firms, government announced an optional tonnage tax to make Indian shipping industry globally...shipping industry has demanded the levy of a tonnage tax to make it competitive. Tonnage tax will also induce more ships to fly the Indian...
- Tonnage tax offers solution for Lloyds.(Lloyd's Ltd. )(Brief article)
- Magazine article from: Accountancy Age Neveling, Nicholas September 28, 2006 700+ words
Byline: Nicholas Neveling Tonnage tax offers solution for Lloyd's Nicholas...for is a regime similar to the tonnage tax that applies to the shipping industry...until the government introduced the tonnage tax. The regime offered substantial...
- MARITIME TRANSPORT : DENMARK SEEKS TO EXPAND THE NOTION OF TONNAGE TAX.
- Newspaper article from: Transport Europe December 17, 2007 700+ words
...rate tax regime based on tonnage ( tonnage tax'), while investigating some of the...changes Denmark plans to make to its tonnage tax regime. This procedure will lead to...accepted the retroactive application of tonnage tax regimes in other member states. Another...
- CHAMBER BODY FAVOURS TONNAGE TAX FOR INDIAN SHIPPING INDUSTRY.
- News wire article from: AsiaPulse News December 23, 2002 700+ words
...has demanded the implementation of a tonnage tax for the shipping industry. "The major...should be given option to switch over to tonnage tax, if they wish so," the chamber said...per cent of the world shipping enjoys tonnage tax or its variants, resulting in their...
- TAXATION: SPANISH SHIP TONNAGE TAX APPROVED.(Brief Article)
- Newspaper article from: European Report March 2, 2002 700+ words
...decided to approve the Spanish maritime Tonnage Tax scheme. Under this scheme, tax due...be able to opt for the open-ended Tonnage Tax scheme for 10-year renewable periods...Commission has already approved similar tonnage tax schemes in the Netherlands, Germany...
- S. KOREA TO ADOPT TONNAGE TAX SYSTEM LAW WITHIN THE YEAR.
- News wire article from: AsiaPulse News June 3, 2004 700+ words
...South Korea will push for a law on a tonnage tax system within the year that could mean...registered in overseas tax havens. The new tonnage tax system is expected to bring many of...originally planned to introduce the tonnage tax system in 2005. The minister said efforts...