Wilh. Wilhelmsen opts out of Norwegian Tax Regime

Wednesday, June 18, 2008

The introduction of the new tonnage tax regime, which was approved by the Parliament (Storting) in December 2007, forces Norwegian ship-owning companies out of the previous system. Shipping companies must consequently decide if they want to enter the new scheme.

The board of Wilh. Wilhelmsen (WW) has today chosen not to enter into the new Norwegian tonnage tax regime for the majority of its Norwegian based shipping activities. The basis for the decision is uncertainty related to the predictability and sustainability of the new tonnage tax regime.
The group is moving shipping activities to Malta, but there are no current plans to move the group's head office from its present location at Lysaker outside Oslo.

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