Japanese Shipping giant NYK moves HQ from London to Antwerp
Japanese shipping line NYK is moving its Bulk Transport Headquarters from London to Antwerp. NYK’s European feasibility study showed the best location for this was, for a number of reasons, the Port of Antwerp. For one thing, NYK can enjoy Flanders’ beneficial tonnage tax. In addition, the shipping firm was attracted by a unique treaty between Belgium and Hong Kong which avoids double taxation and the notional interest deduction scheme which allows companies to reduce their taxable base when making investments from their own resources.
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