The United Nations should not change a convention on how global airlines are taxed, the International Air Transport Association (IATA) said on Monday...
DUBAI - The United Nations should not change a convention on how global airlines are taxed, the International Air Transport Association said on Monday, cautioning that doing so would add complexity and cost, and might cause routes to be scrapped.
"For governments it would just mean collecting less from their national airlines and spending huge effort and money collecting taxes from foreign operators. Only the battalions of accountants needed to manage the reporting mess will be happy if the change is made," Walsh said. IATA has said a provision for exclusive residence state taxation of income from international traffic is vital to the airline industry to mitigate compliance burdens and risks of multiple taxation.Airline margins remain "wafer thin; we're still looking at a margin of just over 3%", Walsh told airlines on Monday.
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