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Greek shipowners rebuff EU decision on taxation

Greek shipowners on Thursday rebuffed a European Commission request to Greek authorities last month to review -in the next two months- which ships would be opted for inclusion under a Greek favorable tax system and exclude fishing vessels, tow vessels and yachts from this system.

"There is no fundamental distortion of competition in the sea transport sector in the European Union and any changes in the institutional and fiscal framework could have unforeseen consequences, damaging not only Greece but the rest of the European Union," the Greek Shipowners Union said in an announcement.