You’d think so in the way the French goverment is acting toward yachting with some proposed yachting taxation.
The European Committee for Professional Yachting (ECPY) has petitioned the French government over what the association calls a “catastrophic” legislative proposal. In January, the French Senate presented a bill to tax yachts cruising in 322 managed marine areas in France. The country’s However, National Assembly, initially rejected the bill, recognizing the potential impact it would have on the yachting industry. The areas affected constituted an equivalent of almost 24 percent of France’s territorial waters.
The French government, however, has revised and resubmitted the bill, with the Chamber of Deputies passing in on its first reading. The bill will now be presented to the French Senate for discussion and amendment before returning to the chamber for its final reading. The ECPY has noted that it intends to renew efforts to block anchorage tax provisions from being passed by the French Senate and by the Chamber of Deputies on its second reading.
ECPY has compared the passing of the bill to legislation introduced in Sardinia in 2006 that reportedly reduced yacht traffic by 50 percent over thee years. The association has called on the superyacht industry to show defiance by signing a petition that would be presented to legislators to prevent the bill from passing into law.
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