Independent journal on economy and transport policy
01:27 GMT+2
Shipping industry seeks cut in taxes
(The Economic Times)
July 8, 2008
Gunjan Pradhan Sinha, ET Bureau
NEW DELHI: The objective of imposing a tonnage tax instead of corporate tax on the Indian shipping industry may have been lost. A host of new taxes including fringe benefit tax (FBT) and service tax have increased the tax payouts of shipping companies diluting the benefits of shifting from a corporate tax regime to a tonnage tax regime ...... Read more on The Economic Times
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