The European Commission (EC) has once again spoken out about the shipping taxation system in Greece and sent a set of proposals to the government.

In a statement the EC said it was concerned that the Greek tonnage tax system was not well targeted and benefits the shareholders of both shipping companies and other related parties, beyond what is permitted.

The EC today said preferential tax treatment should be removed for insurance intermediaries, maritime brokers and other maritime intermediaries as well as the shareholders in shipping companies.