As it experiences tax system changes, the International Business Centre of Madeira, which oversees the Madeira ship registry, is embarking on a promotional campaign across Europe and the Americas.
The United Kingdom has amended proposed legislation that would have negatively affected shipowners enrolled in the tonnage tax scheme if they chartered out vessels.
Several critical EU countries and US trading partners have established a united front with the US regarding enforcement of its Foreign Accounting Tax Compliance Act (FATCA).
Sarnia Yachts, a consulting firm serving yacht owners interested in sailing in European Union waters, explains that the yacht owning company, flag state, and Value Added Tax registration jurisdiction may be based in three separate countries.
The U.S.-based law firm Seward and Kissel has published its first Maritime Group Year in Review publication, highlighting many of the legal issues related to shipping and ship registration.
