Independent journal on economy and transport policy
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FIATA and CLECAT are calling for the inclusion of logistics services in the Global Minimum Tax, limiting the exemption for shipping to port-to-port activities only
Concern about the excessively broad definition of "shipping services"
July 9, 2021
The two organizations noted that the world industry of shipping has secured an exemption from the proposals of the OECD on a global minimum rate of tax on company not less than 15%, which would apply to all shipping companies with a turnover of more than 750 million euro. Specifying that the final details of the agreement must still to be further defined, FIATA and CLECAT have hoped that these final details ensure that the definition of "services" of shipping" eligible for exemption are limited only to port-to-port services operated by ships, while the exemption should not in any way apply to other ancillary services, or door-to-door of the maritime supply chain, since - they have underlined - this would create further distortions and it would allow tax evasion practices.
On the Italian side, fedespedi noted in a note that 'The ultimate objective is to ask the Ministers of the Finances, which are called these days during the work of the G20 Economy in Venice to find a political agreement on the reform of the taxation of multinationals, to pay great attention to this theme. By sea travels 90% of goods, a supply chain, as recalled by our president, Silvia Moretto, dominated by few players concentrated in three major alliances that already enjoy preferential tax regimes, state aid and partial exemption from EU antitrust rules (CBER) has already led to a drastic reduction in choice and quality of the service rendered, damaging entire supply chains productive and risking to slow down the economic recovery of many geographical areas'
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