International > Largest shipping companies avoid taxes that could raise billions for climate -report

Largest shipping companies avoid taxes that could raise billions for climate -report

Published 00:01 on March 25, 2025  /  Last updated at 11:24 on March 20, 2025  / /  International, Shipping

The world's 10 largest shipping companies raised record profits of around $300 billion in the last five years, but paid less than half the average corporation tax rate, according to a new report by a non-profit, which highlights the impact a potential global levy could have on climate.
The world's 10 largest shipping companies raised record profits of around $300 billion in the last five years, but paid less than half the average corporation tax rate, according to a new report by a non-profit, which highlights the impact a potential global levy could have on climate.


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