British ferry and shipping freight operator P&O will shift the registration of its UK vessels to Cyprus ahead of Britain's departure from the European Union, in part to keep its tax arrangements in the bloc, the company said on Tuesday.
British ferry and shipping freight operator P&O will re-flag its entire UK registered fleet to Cyprus ahead of Britain’s departure from the European Union to keep tax arrangements in the bloc, the company said on Tuesday.
The European Commission will warn that schemes in EU states to sell citizenship or residence to wealthy individuals could help foreign organized crime groups infiltrate the bloc and increase the risk of money laundering, corruption and tax evasion.
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