This is the story of a market distortion in cargo handling in ports. A distortion created by a government measure - the tonnage tax - and facilitated by the European Commission. We wrote about it in our recent report: itf-oecd.org/sites/default/…
What is a tonnage tax? In essence a tailor-made tax regime for the shipping sector that gives the sector a much lower tax burden than economic sectors that pay corporate income tax.
Apr 15, 2018 • 19 tweets • 4 min read
Shipping now also has its “Paris Agreement”. Is it an historic achievement or a collection of weasel words? How did we get here? And what still needs to be done? (thread) (1/19)
Last Friday the International Maritime Organization (IMO) and its member states agreed on an Initial GHG Strategy for shipping, which contains a level of ambition and candidate measures to realise the ambition. (2/19)