Taxation

Global nature of shipping lends itself to variety of tax savings options for owners, operators

Accounting firm KPMG recently published a report comparing tonnage tax systems developed by various flag states.

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US GAO to Review Jones Act

The ISRR staff has learned of a letter written by the United States’ Government Accountability Office (GAO) stating its intentions to review the Jones Act “in terms of its effect on both the Puerto Rican economy and the broader U.S. economy.”

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