Hughes Hubbard and Reed: U.S. Tax Consequences of the Jones Act Waiver
May 05, 2026
May 05, 2026
NEW YORK, May 5 -- Hughes Hubbard and Reed, a law firm, issued the following news:
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US Tax Consequences of the Jones Act Waiver
Highlights
* The extended Jones Act waiver allows non U.S. flagged vessels to conduct certain U.S. Voyages.
* Transportation income from U.S. Voyages earned by non U.S. persons is generally subject to a 30% U.S. withholding tax.
* Foreign Owners and Operators should evaluate potential U.S . . .
* * *
US Tax Consequences of the Jones Act Waiver
Highlights
* The extended Jones Act waiver allows non U.S. flagged vessels to conduct certain U.S. Voyages.
* Transportation income from U.S. Voyages earned by non U.S. persons is generally subject to a 30% U.S. withholding tax.
* Foreign Owners and Operators should evaluate potential U.S . . .