Maritime firms sighed with relief last summer when the OECD granted them an exception from a minimum 15% global tax rate on all international companies grossing more than €750m ($860m) a year.
Shipping’s blanket exemption, however, is less watertight than it seemed.
A final version of the Global Anti-Base Erosion Rules (GloBE) textbook agreed by governments late last year introduces a key qualifier.
