EU Investigating Dutch Port Tax Schemes

Posted by Joseph Keefe
Wednesday, July 09, 2014

Taxation of Dutch ports could breach EU competition rules. France, Belgium warned over their tax treatment of ports; EU executive could broaden investigation to other EU ports.

The European Union's competition watchdog on Wednesday opened an investigation into tax exemptions granted to ports in the Netherlands and warned France and Belgium their taxation of ports may breach EU state aid rules.

The EU will look into whether corporate tax exemptions for some Dutch public companies - including the operator of Rotterdam port, Europe's biggest by annual cargo - breach the EU's rules against governments giving unfair advantages to some companies, thereby distorting competition.

"There should be a level playing field between ports in the EU," said Joaquin Almunia, the EU's antitrust commissioner.

"The Commission needs to verify that public companies, including port operators, in the Netherlands are not given more favourable tax treatment than their private competitors."

If the tax exemptions are found to in breach of EU state aid rules, Brussels can ask the Dutch government to change the way its ports are taxed.

The Commission warned France and Belgium it had concerns about the tax treatment of their ports and also requested further information from Germany on the same issue.

The investigation into the taxation of ports across the EU will continue, the watchdog said, in a sign other countries could also come into its firing line.

The Commission had already asked the Dutch government in May last year to abolish the corporate tax exemption for public companies, arguing it gave them an unfair advantage over their private counterparts.

While the Netherlands agreed to comply with the EU's request, it kept the exemption in place for five ports: Rotterdam, Amsterdam, Zeeland, Groningen and Moerdijk.

By Julia Fioretti

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Louis Dreyfus, Amaggi Hire HSBC to Sell Terminal Stake

Agricultural commodity traders Louis Dreyfus Co B.V. and Amaggi Group have hired HSBC Holdings Plc to sell part or the entire 25 percent stake they hold in a terminal at the Brazilian port of Itaqui,

Shell Presents Crewmember Safety Awards

Shell Shipping and Maritime, Americas recently held its third annual Goal Zero Hero Awards dinner in Houston, recognizing the crewmembers of 21 contracted/chartered vessels,

Bollinger Wins Contract for Phase II FRC Builds

Louisiana shipbuilder Bollinger Shipyards announced it has secured a contract to build Phase II of the Sentinel Class Fast Response Cutters (FRC) for the United States Coast Guard (USCG).

Finance

Louis Dreyfus, Amaggi Hire HSBC to Sell Terminal Stake

Agricultural commodity traders Louis Dreyfus Co B.V. and Amaggi Group have hired HSBC Holdings Plc to sell part or the entire 25 percent stake they hold in a terminal at the Brazilian port of Itaqui,

ITIC Reports on Ship Agents' Costly Transhipment Errors

International Transport Intermediaries Club (ITIC) says it continues to deal on a regular basis with claims resulting from errors by agents involving transhipment cargoes.

Slower Demand for Larger Vessels Drags Baltic Index Lower

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday due to diminishing demand for larger vessels.

News

Louis Dreyfus, Amaggi Hire HSBC to Sell Terminal Stake

Agricultural commodity traders Louis Dreyfus Co B.V. and Amaggi Group have hired HSBC Holdings Plc to sell part or the entire 25 percent stake they hold in a terminal at the Brazilian port of Itaqui,

GPA Will Continue Weighing Containers at No Cost to Shippers

The U.S. Coast Guard announced last week that state-calibrated scales already in use at the Port of Savannah meet a new requirement of the international Safety of Life at Sea (SOLAS) Convention.

ITIC Reports on Ship Agents' Costly Transhipment Errors

International Transport Intermediaries Club (ITIC) says it continues to deal on a regular basis with claims resulting from errors by agents involving transhipment cargoes.

Government Update

FMC Chairman Applauds USCG Statement on Container Weights

Federal Maritime Commission (FMC) Chairman Mario Cordero commended the Coast Guard for issuing a bulletin last week regarding container weights that he hopes allows

OMB - Subchapter M Cleared for Publication

The Office of Management and Budget (OMB) completed its review of the draft final rule entitled Inspection of Towing Vessels, also known as "Subchapter M." The

Tanker Departs Libya Empty amid Political Crisis

A tanker that an oil company set up by Libya's eastern government prevented from loading has left the eastern port of Marsa el-Hariga, a port official said on Wednesday.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1283 sec (8 req/sec)