Greek shipping tycoons threaten to set sail over tax privileges

Austerity-hit government has called an end to preferential tax treatment for industry built by tycoons including Aristotle Onassis

The Guardian, Helena Smith in Athens, Wednesday 26 February 2014

Greek shipowners have reacted with anger over a move to scrap preferential
tax rates for their industry. Photograph: David Levene for the Guardian

They are some of the richest people in Greece, the owners of the world's largest commercial fleet with bank accounts and property portfolios that, even by the standards of the super-rich, elicit awe. But in the high-risk business of trading the high seas, Greek ship-owners – in line with international maritime tradition – have also been granted special tax status on their vessels.

This week, the cash-strapped government in Athens insisted the preferential treatment – enshrined in the Greek constitution and respected by every government since the 1940s – was finally over. And shipowners are up in arms.

As it tries to steer Greece out of its worst recession on record, prime minister Antonis Samaras' fragile two-party coalition has suddenly found itself at war with the influential plutocrats who control one of the few thriving sectors of the Greek economy.

The imposition of extra taxes amounted to nothing less than a "constitutional deviation" warned Theodore Veniamis, the president of the Union of Greek Shipowners. "A negative climate has been created for any type of business investment in Greece," he said.

Samaras' conservative-dominated alliance rushed legislation through parliament, imposing a triple tax on ships managed out of Greece, as the 300-seat House held its last session before the Christmas break in December.

This week, the country's merchant marine minister said that the levy was an emergency measure that would last no longer than the next three years.

But while ordinary Greeks have been hit by a barrage of taxes since the debt-stricken nation was forced to accept international aid to avert bankruptcy, the country's famously secretive shipping community is digging in its heels.

The new tax law overturned a previous accord, signed after several months of talks last year, that had allowed ship-owners to make voluntary tax payments to help the nation's economic recovery. Most of the shipping companies run out of Athens' port of Piraeus – the industry's base in Greece – had agreed to back the voluntary scheme.

But with unemployment at a record 28%, the highest in the European Union, and worsening social and economic marginalisation, the legislation has won praise. In its fourth year of bailout funds from the EU and International Monetary Fund, Greece faces fiscal shortfalls this year and next. Samaras has refused to take further unpopular spending cuts to plug the gap.

In a rare display of concord with the government, the shadow minister for development in the radical left main opposition Syriza party told the Guardian: "It's a positive step."

Yet the strength of reaction from shippers appears to have taken the Samaras administration aback. The industry, which provides up to 200,000 jobs and sustains close to 500,000, has warned that the new tax regime could force it to move elsewhere – potentially wreaking havoc on the economy.

"The fear is that the lack of trust between the maritime community and our legislators may lead to an exodus from the Greek flag and perhaps Greece itself," warned Haralambos Fafalios, who chairs the London-based Greek Shipping Co-operation Committee.

As a pillar of the Greek economy, shipping rivals tourism in attracting foreign exchange: experts estimate it has brought over ¤140bn (£115bn) into the country in the past decade alone.

"The shipping industry is a significant contributor to Greece in terms of jobs, cash and economic activity, and it stands to lose all three if it changes the regime for attracting shipping companies to the country," said Vassilis Antoniades, managing director of the Boston Consulting Group, which recently conducted an in-depth study into the impact of shipping on the Greek economy. "To a great degree the Greek economy thrives on the shipping industry."

Since the 1960s, shipping tycoons, such as Aristotle Onassis (pictured), have established airlines, shipyards, refineries and hotels in Greece. Indicative of their pre-eminent role in a sector now worth about $660bn (£400bn), this year Greek shipowners placed a record number of orders to build new vessels in shipyards around the world, outstripping any of their global competitors.

With earnings from shipping accounting for around 7% of GDP, fears are growing that the government's step could ultimately be counter-productive – even if, in poverty-stricken Greece, many also accept that may also seem rampantly unfair.

"There are alternatives with other countries offering competitive tax regimes. People will simply register their ships elsewhere," said shipping expert David Glass, who said that the sector had been unfairly reviled. "Shipowners give a lot to this country. They've built half the hospitals on the islands. They're the ones building schools and handing out over 50,000 meals to the needy every month. People forget that."

Related Articles:

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems  (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it),  Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse),  Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

".... The Illuminati

One more. "Kryon, what about the Illuminati?" OK, I'll tell you, for these things are already known by many.

Everything you thought about the Illuminati of the past is correct. This was not conspiracy, but fact. However, in the light of what I just said above, it could not sustain itself in an energy where everyone talks to everyone, and has since gone dormant.

The Illuminati was based in Greece, and it started by controlling the most potent economic attribute that could manipulate the strings of commerce on the earth - shipping. Once they had control of shipping, what followed was financial markets. This, then, worked its way to insurance, world stock markets and banking. This was prevalent for decades, right up to the mid '80s.

I have a question for the elders in the room. Look back in your lifetime, dear ones. What was the stock market like when you were younger? If you remember, you will say it had incremental changes up and down, except for occasional major shifts - which, by the way, were also controlled. It was steady, up or down. It didn't vacillate wildly, with hundreds of point-shifts from month to month. It never did. That's what a controlled market looks like. Now take a look at your current stock market. Does it look controlled? It is not! It is free-wheeling and it can go wherever it is driven by normal financial activity.

This should tell you something, dear ones. The Illuminati is no longer in control. It lost in banking, in tobacco, and it's about to lose in big pharma and insurance because awareness lets people know what is controlled and what is not. Awareness of truth will trump any other energy, and integrity will win some major battles.

So, did the Illuminate die? No. They simply lost their method of control.

The Future of the Illuminati

Now, I want to tell you something that you didn't expect and something I've reported only one other time. What about all of the money that the Illuminati has? There are trillions and trillions of euro in banks, under their control, waiting. What are they going to do with it and where are they going to use it? It's still here. They're waiting.

This group is waiting for something to happen that they know is going to happen, for they see it coming as much as I do. However, I would like to tell you something that they don't expect. With awareness comes generational shift. Those in charge of this money will not always be elders. The indigos eventually will have it.

They are waiting for something to happen in Africa - the building of a new civilization, a continent that has nothing to unlearn. Once Africa is cured, once it's ready, a new civilization can be created from the ground up. Africans will be ready to learn everything about building a foundation for the most advanced civilization ever and will do it with the most modern and inventive systems available. Eventually, this new continent will even beat the economics of China.

This is the prediction and always has been, and the Illuminati's money will fund it. Did I say the Illuminati will fund it? [Kryon laugh]The Illuminati's money will fund it, but there is a difference from the past, dear ones. The ones who inherit the positions in the Illuminati will be a different consciousness. Listen, they are not suddenly going to be the ones who have the good of everyone in their hearts - hardly. They want to make money, but what they will see instead is a way to make a great deal of money through this investment. In the process, it will automatically help hundreds of thousands, and they will be at the beginning, the foundation, that builds the new Africa. The new African states of unification eventually will create a continent stronger than any of the others, and it will have one currency. The resources alone will dwarf anything in the world.

"Wow, Kryon, how long is that going to take?"

The Humans in the room control that and those listening later and reading. When you leave this room, what are you going to do? Go home, report this, rub your hands together, and wait for it to happen? It won't. For the Humans in the room and the old souls hearing and reading have got work to do, and I've told you this before. You've got work to do.

There's an alliance that you're going to have to create with one another and with another group - the young people of Earth. The youth of this earth are changing the way things work. Can you see it? You're not supposed to sit around and watch them either, because they need you, old soul.

It's time for you to align with the indigos and the concepts of the youth of the planet. Do not think for a moment that their age shows their wisdom. These two attributes are not commensurate with one another; they're not linear. These young people may be older souls than you are! Don't think that because they've got technology that you don't understand that you can't be one with them. Their technology is social networking, the very thing we are talking about, where everyone can talk to everyone. The new consciousness on the planet starts in two areas - the children and the old souls. ..."