Senator rips Costa Concordia’s parent company on taxes

USA TODAY
By Bart Jansen, USA TODAY WASHINGTON – A Senate chairman blasted Costa Concordia’s parent company on Thursday for paying no federal taxes last year and a small fraction of taxes on its $11.3 billion in profit during the last five years. Sen. Jay Rockefeller, D-W.Va., argued at a transportation committee hearing that cruise ship companies should pay their share of the burden on 22 federal agencies such as the Coast Guard, rather than the 1.1% in federal, state, local or foreign taxes that Carnival Corp. & plc averaged over five years. He invited the companies to move to other countries, if they didn’t want to pay.

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Costa Concordia survivors tell Congress they felt ‘betrayed’

USA TODAY
By Bart Jansen, USA TODAY WASHINGTON – In the wake of the sinking of the Costa Concordia that killed 25 people in January, a Senate panel Thursday will look into safety, tax and environmental laws governing a cruise ship industry that carried 11 million North Americans last year. “I believe we must ask why an industry that earns billions pays almost no corporate income tax,” says Sen. Jay Rockefeller, D-W.Va., chairman of the transportation committee having the hearing. “The environmental practices of the industry are unconscionable.”

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Can Italy’s Costa brand survive the recent shipwreck, fire?

USA TODAY
By Luca Bruno, AP A view of the Costa Crociere headquarters in Genoa, Italy, Feb. 29.Costa Cruises bookings already had dipped by an estimated one-third following the Jan. 13 wreck of its Concordia cruise ship off a Tuscan island that killed up to 32 passengers and crew. The company is blaming that shipwreck on its captain, who stands accused of abandoning ship as passengers struggled to escape.

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Costa Concordia captain remains under house arrest

USA TODAY
ROME (AP) – An Italian court refused Tuesday to lift an order of house arrest for Francesco Schettino, the captain of the Costa Concordia cruise ship that ran aground off off a Tuscan island last month. The court in Florence rejected two requests: one from prosecutors to jail Schettino and another from Schettino to be freed. Read more