The recently enacted "American Jobs Creation Act" gives significant tax breaks to a number of U.S. industries--including shipping.
MARINE LOG and BLANK ROME will present a senior level seminar CHANGES IN U.S. TAXATION OF SHIPPING INCOME in Stamford, Conn. on April 5 & 6, 2004
Make sure you know how the new tax rules work!
February 18, 2005
European Parliament takes tough stance on pollution
Next week, the full European Parliament will debate a second reading legislative report from Corien WORTMANN-KOOL (PPE, NL) for the Transport Committee demanding strict EU sanctions against illegal oil pollution in EU waters.
MEPs in the Transport Committee are calling for ship-source discharges of polluting substances to be regarded as criminal offences if committed with intent, recklessly or by gross negligence. In the most serious cases prison sentences should not be ruled out, they say.
Arguing that a European coastguard service could play a crucial role in combating ship-source pollution, MEPs in the committee are asking the Commission to compile a feasibility study on setting up such a service.
To ensure that discharges of polluting substances are detected in time, MEPs would like the role of the European Maritime Safety Agency (EMSA) to be strengthened. They say EMSA should assist the Member States in tracing illegal discharges by providing satellite monitoring and surveillance.