Veniamis

Strapped for cash in a crushing economic crisis, Greece is planning to go after its vaunted nearly tax-free shipping industry with a cargo tax on merchant marine shipowners that the government said could bring in $258.5 million from 2013-16. Greece’s...

ATHENS – Greek shipowners, who pay no taxes to the state but claim to have brought in $175 billion in untaxed earnings over the last 10 years, have threatened to relocate their businesses and abandon their home country if...