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Shipowning: It’s hardly taxing, says transport union

[ March 24, 2023   //   ]

ITF argues that globally, Maersk pre-tax profits totalled US$49 billion across 2021 and 2022 but in 2021 it paid just 3.7% tax on its profits, and only 3% in 2022.

In contrast, the  average Danish worker pays 39.1% income tax and social security contributions on their wages 13 times higher than the rate paid by Maersk, Dutch workers more than nine times as much, Argentinian workers more than eight times and Australian workers more than six times Maersk’s tax rate

Deputy chairman of the Transport Group at Danish union 3F, Karsten Kristensen, said when companies don’t pay a fair share, “it means they are expecting other taxpayers, including workers, to foot the bill for essential public services like roads and ports through income taxes. This is a clear case of corporate double standards. We believe Danes expect more from Maersk.”

Maersk also paid a much lower tonnage tax rate in home country Denmark instead, ITF added.

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