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The European Free Trade Association Surveillance Authority has approved a six-month extension of the current Norwegian special tax system for shipping under the area's state aid rules. Read Full Story
Norwegian Finance Minister Siv Jensen has said that Norway's corporate tax is too high and should be reduced as part of a wider package of measures designed to boost economic growth. Read Full Story
The European Commission has said that Greece's tonnage tax may breach European Union state aid rules by allowing shareholders of shipping companies to benefit from favorable tax treatment. Read Full Story
The Japanese Government is planning to set out a new simplified car tax framework based on fuel efficiency, to replace the country's vehicle acquisition tax. Read Full Story
Greece is expected to hike the tonnage tax faced by local shipping companies, as part of its third bailout agreed with international creditors in August. Read Full Story
The European Commission on June 28, 2015, released information on the current negotiating position of the European Commission, the European Central Bank, and the International Monetary Fund, in its ongoing talks on tax and spending policy with Greece, after the Greek Government announced a referendum on the country's future in the EU on the same day. Read Full Story
The Standing Committee of the National People's Congress has stated that, by 2020, all of China's taxes are expected to be based in legislation, rather than being imposed through government regulations from the State Council. Read Full Story
The UK tax authority, HM Revenue and Customs, recently released a new Brief informing shipping companies that they must carry out a "flagging test" to determine the eligibility of their vessels to tonnage tax, as this fiscal year is not an "excepted year." Read Full Story
The European Commission has closed an in-depth investigation into French tax rules for maritime companies, after France said that it would enforce minimum flagging requirements for tonnage regime taxpayers. Read Full Story
The European Free Trade Association Surveillance Authority has approved certain amendments to the Norwegian Special Tax System for Shipping, after considering them in relation to the state aid rules of the European Economic Area agreement. Read Full Story
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