Navieras avoid $11 billion in taxes, according to NGOs

Large shipping companies, which are responsible for transporting goods or passengers by sea, have made huge profits since the pandemic, but pay few taxes, according to an NGO report Opportunity Green. 139 major shipping companies, which control 90% of the world’s fleet, earned almost $340 billion between 2019 and 2023 (last year of which data is available). 93% of those profits were for 10 companies, almost all of them from rich countries. The t…