Commercial Shipping
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The US has unilaterally pulled out of its shipping tax treaty with Hong Kong, which will affect Hong Kong and US taxpayers engaged in shipping.
Ambitious proposals from the OECD to restructure the system of global taxation of multinational companies are gaining real momentum. This article discusses these proposed reforms, their potential to cut through tax policies applied to shipping and whether shipping will gain an exemption from the global minimum effective tax rate.
We discuss the details of the ITLOS opinion as well as some recent and pending actions that appear to hint that greater scrutiny of shipping emissions as part of the overall value chain may be on the horizon.
In this article, London Maritime Partner Richard Stephens assesses the GloBE rules which come into effect in 2023 and the impact they will have on the shipping industry.
The Fuel EU Maritime Regulation looms large as shipping companies must decide their fuel compliance strategy and submit their monitoring plans before September. Slow steaming will not be enough to make ‘shipping companies’ compliant and below we explain why.
In this article, Mike Phillips and Archit Dhir discuss the law as to undisclosed principals in the context of liability under letters of indemnity, as raised in the recent decision in Yangtze Navigation (Asia) Co Ltd & anor v TPT Shipping Ltd & ors (The “Xing Zhi Hai”) [2024] EWHC 2371 (Comm).
EU ETS obligations for shipping companies and the transposition of the Implementing Regulation.
As an industry leader in transport, we are at the… Read more