IRS Rules Out Key Tax Exemption for Foreign Ships Using Jones Act Waiver
Low Severity
Global
Date OccurredAug 12, 202621:54 UTC
Event TypeMaritime & Logistics
SourcegCaptain
RecordedAug 12, 2026
Full Description
The Internal Revenue Service has issued new guidance clarifying that foreign shipping companies operating between U.S. ports under the Jones Act waiver cannot claim a longstanding tax exemption normal