The European Committee for Professional Yachting (ECPY) has likened the proposed tax on yachts in French waters to what happened in Sardinia between 2006 and 2009. According to ECPY, this legislation, if passed, would have a profound and potentially catastrophic effect.
In January, the French Senate introduced a bill to tax yachts that were cruising in any of the 322 French managed marine areas, representing almost a quarter of the country’s territorial waters. But the bill was kicked out by the National Assembly as they realised the damaging effect it could have on what is a lucrative industry and popular leisure pastime.
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