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Mar 14th, 2012 Comments: 0

Arthur Frommer Comments on Lack of US Income Taxes paid by Cruise Ship Companies

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InjuryBoard.com
I have recently been writing about Congressional Hearings addressing the Costa Concordia disaster, as well as other issues that have come to the attention of Congress as a result of the increased scrutiny of the cruise line industry. One of those issues that has come to light, despite the fact that it has been present for many years, is the fact that the major cruise ship companies that earn billions of dollars in revenues each year carrying millions of United States passengers, as well as utilizing United States ports and governmental services, do not pay United States income taxes on their profits.

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