Breaking News: Carnival Incorporates in the U.S. & Subjects Itself to U.S. Tax, Labor, Wage, Safety & Environmental Regulations
In an exclusive story, Cruise Law News has learned that cruise industry giant Carnival Corporation plans to incorporate its business in the United States (in Florida). Carnival intends to announce this historic development tomorrow, April 2nd, at Carnival's headquarters in Miami.
Since 1972, Carnival has incorporated its business and registered its cruise ships in the country of Panama. For over 40 years, Carnival cruise ships have flown the flag of Panama in order to avoid the onerous safety regulations, excessive labor laws, unreasonable environmental laws, and high taxes of the United States of America.
Cruise Law News learned of this historic event when high-profile maritime lawyer Jim Walker bumped into Carnival's Chairman Micky Arison at court side last night when Arison's basketball team, the Miami Heat, lost to the San Antonio Spurs. Maritime ace lawyer Walker asked Arison: "Micky, if Dwayne Wade earns several hundreds of million dollars from Carnival and pays tens of millions of dollars in U.S. taxes, don't you think it is fair that Carnival - which earns over 16 billion dollars a year in cruise ticket sales - pays its fair share of U.S. taxes?"
Perhaps it was the euphoria of Carnival repealing the automatic man overboard safety law, but Micky was ecstatic. "Yes, let's do it!" he said handing maritime lawyer Walker a half-eaten hot dog and three-quarters of a warm Bud Light which a Miami cheerleader handed Micky in the first quarter of the previous game a few days earlier.
While quickly consuming the beer and hot dog in the excitement of the moment, cruise lawyer Walker happened to have Florida articles of incorporation which he handed to Micky to sign as well as U.S. flags to fly on the Carnival fleet of cruise ships.
Arison has been under intense pressure lately following fires, collisions, sinkings, poop-cruises, pirate-attacks, norovirus outbreaks and a Jon Secada concert which have ruined the last 100 Carnival cruises. Senator Jay Rockefeller recently called Arison a "scallywag" on national TV. Rockefeller challenged Arison to pay his fair share of U.S. taxes on the billion-dollar bounty his foreign-flagged cruise ships collect from the U.S. taxpaying citizens on the high seas.
Micky commented that he was embarrassed that his father Ted, the founder of Carnival Cruise Lines 40 years ago, denounced his U.S. citizenship in order to avoid paying some 10 billion dollars in U.S. taxes.
"I want to make certain that Carnival pays one hundred percent of our U.S. tax obligations (estimated to be over $5,000,000,000 a year) plus be subjected to the most rigorous U.S. safety, wage,and labor laws and the most stringent U.S. environmental regulations, Micky announced over the arena's PA system: "It's time that poor, over-worked crew members from India and Nicaragua who earn $500 working 360 hours a month be entitled to the full benefit of U.S. employment laws, a 401(k) retirement fund, severance pay, and a college fund for their children!"
While appreciative of Arison's change of heart, sources say Walker was miffed that Arison demanded that he pay $6 for the remains of the hot dog and $7.50 for the rest of the Bud Light.
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