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Brussels rejects Greek arguments shipping's tax rate is high enough

THE European Union is not accepting the Greek government's reasoning why its national shipping industry should not be taxed more than it is, reports Kathimerini, the Greek version of the International New York Times.

Brussels rejects Greek arguments shipping's tax rate is high enough

THE European Union is not accepting the Greek government's reasoning why its national shipping industry should not be taxed more than it is, reports Kathimerini, the Greek version of the International New York Times.

Brussels rejects Greek arguments shipping's tax rate is high enough
01 March 2016 - 23:08

Brussels rejects Greek arguments shipping's tax rate is high enough
THE European Union is not accepting the Greek government's reasoning why its national shipping industry should not be taxed more than it is, reports Kathimerini, the Greek version of the International New York Times.
A letter sent to Athens this week by European Competition Commissioner Margrethe Vestager rejects the Athens' argument that the tax status of shipping in Greece should remain unchanged because shipping companies are already overtaxed.
It also calls for "appropriate" amendments to the legislative framework to take place within the next 24 months and to apply as of January 2019, otherwise the commission will refer Athens to the European Court of Justice.

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