Over Past 5 Years, Carnival Paid Taxes of Only 0.6% on Billions & Billions

Last night NBC Rock Center with Brian Williams aired a special on Carnival CEO Micky Arison who has a net worth reportedly of around $5,700,000,000.

One of the secrets to Arison's wealth is that his cruise line, Carnival, according to NBC News, paid around 0.6% in taxes at the federal, state, local and international levels over the past 5 years. That's less than 1% tax on all of the billions and billions in revenues collected from U.S. tax-paying citizens. 

Plus Carnival does not pay for the services provided by the U.S. federal agencies such as the U.S. Coast Guard or the U.S.Navy for responding to disasters at sea which disable Carnival cruise ships.

You can watch the video below produced by Tom Bettag and interviews by Harry Smith: 

 

 

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Karla Hart - April 1, 2013 12:22 AM

From my reading of SEC filings, it appears most of the taxes paid are on the Alaska shore excursion/extension part of their operations. When they acquired Holland America and then Princess they picked up hotels, motor coaches, delux rail cars that are all subject to US taxes. So the essentially zero tax on cruise remains.

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