General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCruise lines, early source of coronavirus infections, out of bailout package
Like hotels and airlines, cruise companies have seen their business decimated by the coronavirus pandemic and economic shutdowns.
But unlike those industries, major cruise operators dont locate their headquarters in the United States, so they will not have access to $500 billion in aid for large employers in the massive stimulus bill, the industrys trade group said Thursday.
Language in the 883-page bill passed by the Senate says that to be eligible for aid from the $500 billion fund, companies must be certified as created or organized in the United States or under the laws of the United States as well as having significant operations in and a majority of employees based in the United States.
Major cruise companies have located their primary headquarters overseas, which for years has allowed them to pay almost no federal taxes and avoid some U.S. regulations. To staff their ships, the companies rely heavily on foreign workers from the Philippines, Indonesia and India.
https://www.washingtonpost.com/business/2020/03/26/cruise-line-bailout/
lark
(23,091 posts)helping the airlines is bad enough when they pocketed their huge tax decrease and used none of it for their workers or businesses, just enriching the already rich. Pisses me off that they were included. I really hate that deferred social security payments too, it's just a set up to destroy SS after Russia & RNC steal the election.
NewJeffCT
(56,828 posts)to avoid US taxes. They can go get bailout money from the country of domicile
Amishman
(5,555 posts)It is operated by Norwegian
Ferryboat
(922 posts)We should refund taxes paid by corporations in lieu of bailout money.
lindysalsagal
(20,661 posts)Damn things are unneccesary.
JustABozoOnThisBus
(23,338 posts)I'm sure Liberia and Panama will happily bail them out of financial difficulties.