FEPORT welcomes G7 tax deal and wants cargo handling included in OECD plans

The Federation of European Private Port Companies and Terminals (FEPORT) has welcomed the G7 agreement on the minimum 15% taxation rate of multinationals and has also called on OECD countries to include cargo handling within their tax proposals.

During the organisation’s remote general assembly meeting, members discussed concerns to port terminal companies resulting from the international shipping industry pushing for an exemption from the new tax reform deal.

The federation is worried that the “too broad definition of shipping” could lead to an exemption of shipping companies’ own cargo handling activities and beyond.