EMEA > Africa > Shipping companies avoided extra $4.3 bln in annual taxes by paying half global average rate

Shipping companies avoided extra $4.3 bln in annual taxes by paying half global average rate

Published 23:01 on April 12, 2026 / Last updated at 18:02 on April 9, 2026 / / Americas (LATAM & Caribbean, US & Canada), Asia Pacific (Asia, Pacific), EMEA (Africa, Europe, Middle East), International (Shipping)

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Ten of the world's largest public reporting shipping companies avoided paying $4.3 billion in additional taxes in 2024 due to the sector's privileged tax regime – enough to cover more than 30% of the annual carbon pricing proposed for the sector, according to a non-profit.
Ten of the world's largest public reporting shipping companies avoided paying $4.3 billion in additional taxes in 2024 due to the sector's privileged tax regime – enough to cover more than 30% of the annual carbon pricing proposed for the sector, according to a non-profit.


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