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Preliminary comments on proposed changes to the OECD model tax convention dealing with the operation of ships and aircraft in international traffic

In summary, the international shipping industry is broadly satisfied with the status quo with respect to the current text of the Convention, including Article 8. However, with respect to the current text of Article 15, opinions within the shipping industry appear to differ. ICS is cautious about commenting on proposed changes whose wider implications are difficult to fully understand, despite having been carefully studied by our members. ICS therefore suggests that the proposed changes to the OECD Model Convention need to be subjected to a far more comprehensive review.

25 February 2014 Submission

Prohibition of ocean carrier surcharges in Sri Lanka

CS believes this major policy change would involve inappropriate interference by the Government of Sri Lanka into commercial relationships between ocean carriers and their customers.

15 January 2014 Submission