Independent journal on economy and transport policy
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Feport warns against carefully considering the scope of the minimum corporate tax to multinationals
The fear is a distortion of competition for the benefit of terminal shipping companies
June 10, 2021
At today's General Assembly, Feport in fact explained that the concern is related to the possible too broad definition of the shipping industry that could lead to an exemption for activities terminals carried out by the shipping companies themselves, provoking with this -- highlighted the federation of european terminal operators - a further distortion of competition port services market for the benefit of port companies. navigation, also undermining the very purpose of the new proposals of the Organisation for Cooperation and Development Economic (OECD).
In order to prevent this from happening, Feport has oecd member countries so that, with the aim of ensure fair competition in the port sector, any type of activity of handling goods and passengers both maintained under the second pillar of BEPS (Base Erosion and Profit Shifting), the programme launched by the OECD to address the fiscal challenges posed by digitalisation that with the pillar 1 introduces a new distribution of the rights of taxation and with the second pillar introduces measures to ensure a minimum level of taxation.
"We want to - clarified the President of Feport, Gunther Bonz -- that all the handling activities of the goods and passengers are included. If unfortunately this should not happen -- he remarked -- the only alternative would be exempt all these activities from BEPS 2, as well as shippers and hauliers. This - he emphasized Bonz -- would nullified the purpose of this historic agreement, and that -- he pointed out -- is not what we want to.' Therefore, he added, "in view of the G20 meeting in Venice (to be held from 8 to 11 July we ask theOECD countries to include all kinds of goods handling activities and passengers under the second BEPS pillar to ensure a fair competition.'
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At today's General Assembly, Feport in fact explained that the concern is related to the possible too broad definition of the shipping industry that could lead to an exemption for activities terminals carried out by the shipping companies themselves, provoking with this -- highlighted the federation of european terminal operators - a further distortion of competition port services market for the benefit of port companies. navigation, also undermining the very purpose of the new proposals of the Organisation for Cooperation and Development Economic (OECD).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
