Corona Cruise Lines

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dualstow
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Corona Cruise Lines

Post by dualstow » Fri Mar 27, 2020 10:31 am

Seema Mody just tweeted:
Will the Royal, Carnival & Norwegian change where they are incorporated?
Suntrust: If revenues stay close to zero for another 6 mo, it's conceivable that the cruise lines agree to some sort of increased taxation in order to receive a financial lifeline
$RCL $CCL $NCL
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From the main Coronavirus thread:
dualstow wrote:
Thu Mar 26, 2020 4:24 pm
Cruise ship with 42 sick passengers and crew headed to Florida
https://thehill.com/policy/transportati ... to-florida
Vinny:
And, I since learned that many of those in the cruise ship industry are registered under foreign flags to avoid paying U.S. taxes.
Pugchief:
Slightly off topic, but if they are doing that what does it tell you? Maybe that US taxes are too high compared to the other options?
Dieter:
Why don't they go to the country where they are registered to get bailed out then?
Personally don't like the race to the bottom.
I Shrugged:
Cruise ships. I would guess the ships are foreign flagged, but the US cruise companies are US companies paying US taxes on applicable income. They probably are able to minimize that through various internal arrangements though. The reaction you are having can also be applied to any company that has a foreign factory.

Is this an argument for a VAT? Maybe this should be another thread.
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