Tax News

Finance: UK Shakes-up its Shipping Tax to Attract Global Players

In an attempt to bring more international shipping firms onshore to the UK, the British chancellor of the Exchequer Rishi Sunak provided the biggest shake-up to the UK’s domestic tonnage tax since its introduction 20 years ago.The British government explained that In order for global shipping companies to benefit from paying less tax, there are two routes for companies to benefit: they can either show that they are investing in the net carbon zero transition, or they need to be…