The bureaurats Paris bureaurats never stop. The only solution for any country is to just ignore anything these jackoffs have to say, and just say no, no matter what it is. If you give the OECD an inch, they will take a mile.
Hopefully, Panama has the sense to tell them to go to hell.
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OECD pressuring Panama to tax cargo vessels
The Organization for Economic Cooperation and Development (OECD) is pressuring Panama to levy taxes on Panama-registered cargo vessels, a
move that would lead to heavy losses to the central American state, local media reportssaid Thursday.
The reports said authorities are worried that if Panama-registered cargo ships are requested to pay taxes, many of them may turn to other
countries for registration and Panama would lose at least 80 million US dollars a year.
At present, Panama, a tax haven, charges only registration fees on foreign cargo vessels when they register in Panama, an attraction for
vessels from around the globe.
Members of the Paris-based OECD argue that the practice has put their cargo vessels at a disadvantage. The OECD, composed of 29 countries, serves as a forum to discuss economic and social issues.
Statistics show that Panama attracts the largest number of registered vessels in the world. More than 10,000 large foreign cargo ships, or 22.7 percent of the world's total, have registeredin the country.
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So basically, the dumbass tax-hungry nations that make up the OECD are feeling a revenue squeeze because of Panama's popularity as a ship registry (in an aside, the #2 country in the world for ship registry is Liberia, which gets a good portion of it's revenue from that service.) Nevermind the fact that the only reason why these nations' merchant marine register elsewhere is because the damned taxes are too high.
The OECD and similar agencies exist for one purpose, and one purpose only, and that is to create a globalised standard of taxation so that all nations can extort their citizenry equally, without having to fear the "spectre" of offshore tax havens.
How any citizen of any country can not see what an apalling abortion of governance organisations like the OECD is, is beyond me.
Phaedrus
Hopefully, Panama has the sense to tell them to go to hell.
*********
OECD pressuring Panama to tax cargo vessels
The Organization for Economic Cooperation and Development (OECD) is pressuring Panama to levy taxes on Panama-registered cargo vessels, a
move that would lead to heavy losses to the central American state, local media reportssaid Thursday.
The reports said authorities are worried that if Panama-registered cargo ships are requested to pay taxes, many of them may turn to other
countries for registration and Panama would lose at least 80 million US dollars a year.
At present, Panama, a tax haven, charges only registration fees on foreign cargo vessels when they register in Panama, an attraction for
vessels from around the globe.
Members of the Paris-based OECD argue that the practice has put their cargo vessels at a disadvantage. The OECD, composed of 29 countries, serves as a forum to discuss economic and social issues.
Statistics show that Panama attracts the largest number of registered vessels in the world. More than 10,000 large foreign cargo ships, or 22.7 percent of the world's total, have registeredin the country.
********
So basically, the dumbass tax-hungry nations that make up the OECD are feeling a revenue squeeze because of Panama's popularity as a ship registry (in an aside, the #2 country in the world for ship registry is Liberia, which gets a good portion of it's revenue from that service.) Nevermind the fact that the only reason why these nations' merchant marine register elsewhere is because the damned taxes are too high.
The OECD and similar agencies exist for one purpose, and one purpose only, and that is to create a globalised standard of taxation so that all nations can extort their citizenry equally, without having to fear the "spectre" of offshore tax havens.
How any citizen of any country can not see what an apalling abortion of governance organisations like the OECD is, is beyond me.
Phaedrus
