Taxing times in the US Gulf
Away from the hubbub surrounding BP and Deepwater Horizon, the US taxman has shown up unannounced at the doors of several foreign shipowners on the US Outer Continental Shelf, reports RAJESH JOSHI
DOZENS of foreign shipowners have received letters from the US Internal Revenue Service, asking them to clarify their status vis--vis the taxability of their income for work performed on the US Outer Continental Shelf (OCS) in the Gulf of Mexico. If you are already a subscriber, please sign in below. If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here. Alternatively, click here to subscribe.This full article is available to Lloyd's List DCN subscribers only.




