Press Release: Commission approves Danish ‘Tonnage Tax’

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Series Details IP/02/396 (12.3.02)
Publication Date 12/03/2002
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The European Commission decided on 12 March 2002 to approve the Danish maritime Tonnage Tax scheme. Under this scheme, tax due from a maritime shipping company is calculated on the basis of the capacity (tonnage) of the ships used by that company rather than from its profit or loss.

Source Link http://europa.eu/rapid/pressReleasesAction.do?reference=IP/02/396&format=HTML&rapid=0&language=EN&guiLanguage=en
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