Words of Advice:

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

"Flying the Airplane is More Important than Radioing Your Plight
to a Person on the Ground Who is Incapable of Understanding or Doing Anything About It." -- Unknown

"Everything is easy if somebody else is the one doing it." -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Friday, March 27, 2020

Cruise Lines Aren't Getting Bailed Out

... major cruise operators don’t 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 industry’s 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.
They wanted the benefits of being bailed out without having assumed any of the burdens or responsibilities of operating as American companies. It's standard Republican corporate socialism: Don't pay any taxes but line up to get bailouts.
Carnival Corp., owner of the Princess cruise lines, is incorporated in Panama. Royal Caribbean is incorporated in Liberia, and Norwegian Cruise Lines in Bermuda.
As I said before, they can go ask those governments for loans. Fuck those guys.


Unknown said...

I read they are they may try and push thru a bailout IF they re-incorporate in the US. Too little, too late for moi !

CenterPuke88 said...

Let’s see, avoid U.S. taxes, no bailout. Can we apply this across the corporations. If you take bailout money, you have to pay three years of back taxes based upon not using those little schemes? What, you mean that would cost you more money than the bailout provides? Apparently you’ve been screwing the American taxpayer for those years, die you bastards!

Constitutional Insurgent said...

CP88, +1!