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

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.

Read More

Cruise officials tout overall safety, resiliency at industry convention

Sun-Sentinel
That reassurance comes at a time when some operators are seeing weaker demand for cruises due to consumer pullback following the Costa Concordia accident. For some it’s a big reversal for a year that started with strong demand for cruises at higher prices than a year ago.

Read More sun-sentinel
Read More Chicago Tribune
Read More CBS News
Read More Miami Herald
Read More Abc News

Carnival Corp. CEO: Costa brand will survive, thrive

 USA TODAY
By Gene Sloan, USA TODAY The head of Costa Cruises’ parent company says he’s confident the brand can make a comeback in the wake of the Costa Concordia accident, and he has no plans to scale it back or change its name. “It is damaged. It will take some time (to rebound), but we’d be crazy to abandon such a powerful brand,” Carnival Corp. Chairman and CEO Micky Arison

Read More

Carnival Runs Aground

DailyFinance
The tragic crash of the Costa Concordia in mid-January completely changed that. Perhaps more damaging than the actual crash itself will be the potential lawsuits and the lack of involvement by Mr. Arison that I described two weeks ago. To make matters worse, another Costa ship, the Allegra, experienced an engine fire just weeks later, leaving the ship and its passengers without the basic necessities of water and power for three days.

Read More