Subscribe to RSS feedCSCL boss calls for cut in tonnage tax
by
Hui Ching-hoo, Hong Kong
—
last modified
Mar 29, 2010 01:15 PM
CHINA Shipping Container Lines chairman Li Shaode has called on the government to reduce taxation on the country’s shipping companies to enhance the competitiveness of the shipping industry.
Tax rates for China’s shipping lines were high compared with other major maritime countries such as Singapore and Japan, Mr Li said.
He urged China’s tax bureau to adopt a tonnage tax regime instead of levying income taxes.
He also...
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