Moore Stephens says new UK statutory residence test does away with grey areas

Gill Smith International accountant and shipping adviser Moore Stephens says the introduction by the UK of a statutory residence test will bring much greater certainty to an area previously decided largely on the basis of case law and government practice. The UK is introducing the statutory residence...

April 5th, 2013 | News, Politics and Government, Shipping Centers, Taxation | Read More

Leadership the name of the game!

The following are the main points – in brief – from the latest John Faraclas live interview from the Camelot Castle Hotel in Tintagel, Cornwall, to Panos Thomakos on SBC TV last Friday the 29th of March 2013: Faraclas started with a cultural and touristic note supporting also the Anglo-Saxon’s...

April 2nd, 2013 | Banking, Bribery and Corruption, European Union, Finance, Holidays, Jobs, Markets, News, Politics and Government, Shipfinance, Taxation | Read More

Greece: Taxation of Vessels – Shipping Companies

Despina Doxaki An interesting recapitulation on Greece’s latest taxation issues on Vessels and Shipping Companies comes from the KYRIAKIDES GEORGOPOULOS Law Firm, worth having in mind. Taxation of Vessels – Shipping Companies (a) What Changes? Taxation Ships Under Foreign Flag...

February 25th, 2013 | Insight, Legal, Taxation | Read More

Streamlined and Equivalent Customs Procedures Key for the Well Functioning of European Ports

Last week, ESPO published a policy paper on customs emphasising the differences in application of Community customs rules that are still being reported in EU ports. These different practices lead to the phenomenon of ‘port shopping’ by shipping lines and shippers, which leads to distortion of...

December 10th, 2012 | European Union, Politics and Government, Ports & Terminals, Taxation | Read More

Governmental intervention with… clienteles’ objectives is what destroys Greece et al

John Faraclas’ latest live telconv interview on the 16th of November 2012 to Panos Thomakos on SBC TV dealt with: The Markets and the continuation of the downward trend yet again! His insistence on who firstly predicted the state of the markets long before the other brokers, particularly in Greece The...

November 19th, 2012 | Environment, European Union, News, Politics and Government, Ports & Terminals, Shipbuilding and Shipyards, Shipping Indices, Taxation | Read More

The World, Europe and Greece – a political, economic comment from a shipping perspective – part 1.

The World, Europe and Greece – a political, economic comment from a shipping perspective - part 1. By John Faraclas All our previous analysis and views on the Shipping Markets and the world at large as same are in this site* as well as in live interviews of the writer, remain unchanged! On the 19th...

October 29th, 2012 | Accountancy, Comment, European Union, Flags, IMO, Markets, Shipbuilding and Shipyards, Taxation | Read More

Greek Shipping pays more tax in cash and kind than any other shipping group in the world!

John Faraclas John Faraclas’ latest interview with SBC TV’s Panos Thomakos last Friday 19 October 2012, focused 80 centum on the tax contribution of the Greek Shipping companies towards Greece’s national tax coffers, offshore investments of any kind, social and sports donations et al! Greece...

October 22nd, 2012 | Charity, Corporate Social Responsibility, Maritime Tourism, News, Taxation | Read More

Greek Shipping is the only major multi-contributor to Greece’s tax coffers and beyond!

John Faraclas’ latest interview to Panos Thomakos on SBC TV last Friday the 5th of October tackled the following issues: 1)The tax issue saga and its real contribution by Greece’s Masters of the Seven Seas not only towards Greece, but to all nations and in particular in employing foreign seafarers...

October 8th, 2012 | European Union, News, Politics and Government, Ship Conversions, Shipbuilding and Shipyards, Shiprepair, Taxation | Read More

Moore Stephens calls for rethink on capital gains exchange rate distortions on ships

Sue Bill International accountant and shipping consultant Moore Stephens has urged the UK government to remove exchange rate distortions when calculating capital gains on ships. Moore Stephens tax partner Sue Bill explains, “Currently, all capital gains and losses subject to UK corporation tax are...

October 2nd, 2012 | News, Taxation | Read More

Greece, stock markets et al: Leadership in all aspects is the name of the game…

The Athens Stock Exchange SBC TV’s Vassilis Tsekouras questions John Faraclas on the current Shipping Financial Markets, the Stock Markets and Exchanges and what has to be done for Greece’s ailing economy and stalemate. A great deal of the interview centred on the future capabilities of the Athens...

August 30th, 2012 | Holidays, Manning - Seafarers and Offshore, Maritime Tourism, News, Politics and Government, Ports & Terminals, Stock Markets, Taxation | Read More

Overcoming business and political envy: the case of Greek shipping with respect to taxation

Aristotle defined envy (φθόνος phthonos) “as the pain caused by the good fortune of others”, while Kant defined it as “a reluctance to see our own well-being overshadowed by another’s because the standard we use to see how well off we are is not the intrinsic worth of...

August 20th, 2012 | News, Taxation | Read More

The AllAboutShipping Greek Pre-Election Interview on Shipping issues on SBC TV Channel

John Faraclas Following Posidonia’s opening last week and our international editor’s interview, we bring you two video’s with John Faraclas’ live interview today on Greek and International Shipping issues to Vassilis Tsekouras. The interview covers the Legal status of Greek Shipping and its...

June 13th, 2012 | Corporate Social Responsibility, Flags, Immigration, Jobs, Marine Equipment Products and Services, Maritime Education and Training, News, Politics and Government, Regulatory, Ship Conversions, Shipbuilding and Shipyards, Shiprepair, Taxation | Read More

Moore Stephens welcomes change of heart on tonnage tax trap

Sue Bill International accountant and shipping adviser Moore Stephens has welcomed the UK government’s decision to minimise the effect of new rules in Finance Bill 2012 which resulted in a potentially serious trap for existing UK shipowners entering tonnage tax. Finance Bill 2012 originally extended...

April 30th, 2012 | Comment, Politics and Government, Taxation | Read More

Greece: should the shit hit the fan?

John Faraclas WITHOUT PREJUDICE By John Faraclas I will start with Edmund Burke’s cliché: “for the evil to flourish, all that is needed is for good people to do nothing.” Time and again I have warned in writing, and in particular ever since the millennium summer, of the coming economic...