“Wrong” tax interpretation costs jobs

An all-too-restrictive interpretation of EU tax-subsidy regulations is costing thousands of jobs, say companies that build and service offshore drilling rigs and wind turbines.

Because the Tax Ministry’s interpretation of the rules means that Danish servicing ships do not qualify for a lower tonnage tax offered cargo vessels, shippers register the ships abroad, taking the jobs with them.

Other EU countries permit service ships to be taxed the same way as cargo vessels. 

Børsen

SEE RELATED: Maritime businesses steaming towards growth

This story was included in The Copenhagen Post's Morning Briefing for Monday, September 16. If you would like to receive stories like these delivered to your inbox by 8am each weekday, sign up for the Morning Briefing or one of our other newsletters today.




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