Carnival Cruise TaxesCarnival Corporation announced its second quarter profits today.

Its revenues to date for 2015 (June 30th) were $7,180,000,000 (billion), consisting of passenger fares (tickets) of $5,425,000,000 and onboard purchases (booze, spa, specialty meals, casino) of $1,755,000,000. It’s net income was $271,000,000.

And Carnival paid taxes of?  Nothing.

You have heard me say this before. By incorporating in Panama and registering its cruise ships in third world countries like Panama and the Bahamas to avoid taxes (and wage and safety laws), Carnival enjoys an enormous advantage over land-based business by paying virtually no U.S. taxes.

But Carnival uses our Federal agencies daily: the U.S. Coast Guard, Customs & Border Protection, FBI, USPH, EPA, DOT, Homeland Security and many others. It pays nothing for these services.

Those federal agencies are paid for by U.S. taxpayers, like you and me.

I have paid many millions of dollars in U.S. income over the years.  I’m not complaining. I love the U.S. and know that it takes money to operate a country like ours. 

But there is something fundamentally wrong when Carnival avoids taxes, enriches its executives hundreds of millions of dollars a year and pays its crewmembers around the world only a small pittance for their hard work. 

Have a comment? Please leave one below or join the discussion on our Facebook page.

Photo Credit: Craig Rubadoux via Florida Today

http://www.nbcnews.com/id/32545640

Visit NBCNews.com for breaking news, world news, and news about the economy 

2 Responses to Carnival Increases Profits, But at what Cost to U.S. Taxpayers?

What did Carnival Corp pay for.
Port Fees?
Supplies?
Food and beverages?
Fuel?
Sundries?
Salaries to Americans who pay taxes?
The taxes on bonuses and stock sales?
I concur that the entire Carnival and all their lines, as well as all the rest should be registered in the U.S. or Canada if they sail from their ports more than 60 % of the time. Salaries, benefits, safety concerns can all be standardized. Is that not the job of your Congress or our Parliament?

I am actually looking for the taxes paid on alcohol sales by cruise lines in different ports, at sea and whether this vary greatly according to their specific registries.

Leave a Reply

Your email address will not be published. Required fields are marked *