Independent journal on economy and transport policy
08:38 GMT+2
BRAZILIAN-FLAG VESSELS FACE US TAX THREAT
(Shipping Times)
December 29, 1997
The bone of contention is a new Brazilian tax-incentive system
[WASHINGTON]
Brazilian-flag vessels have been warned by the US they may be stripped of their exemption from US tonnage taxes and light money if Brazil promulgates regulations granting special tax breaks to shippers who book cargoes with vessels on the country's new second register.
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