What should shipping do about economic substance?
These are rules, pushed forward by the EU and the OECD, as part of the continued battle against “tax havens”.
tax havens
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Bermuda added to EU’s list of non-cooperative jurisdictions
On 12 March 2019, the Council of the European Union added Bermuda to its list of non‑cooperative jurisdictions for tax purposes. What does this mean for tax arrangements and offshore companies with global group structures?