In an exclusive story, Cruise Line News has learned that cruise industry giant Carnival Corporation recently incorporated its business in the United States (in the state of Delaware). 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
Last week I wrote an article about Royal Caribbean CEO and President Adam Goldstein cashing in over $2,300,000 worth of Royal Caribbean stock, still leaving him with around $19,000,000 worth of his company’s stock.
It’s difficult to justify the enormous wealth of the cruise executives given the fact that the cruise business is rigged to
Its been nearly two years since the Concordia recklessly crashed into the rocks surrounding the little port of Giglio, killing 32 passengers and crew and terrorizing thousands.
The officers of the operator of the cruise line, Costa, and the owners of the owner, Carnival corporation, quickly dumped 100% of the blame on the now disgraced
Several news sources are reporting changes in the executive ranks at Carnival Corporation and its brands, Princess Cruises and Holland America Line.
Carnival Vice Chairman and Chief Operating Officer (COO) Howard Frank will step down. He is slated to be an adviser to CEO Arnold Donald and Chairman Micky Arison. Jan Swartz becomes the new president of Princess
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Cruise lines hate U.S. governmental scrutiny of their business operations.
The whole purpose of incorporating their businesses and flagging their cruise ships in foreign countries is to avoid U.S. taxes and the scrutiny of federal regulators. This business model permits the cruise lines to pay virtually no U.S. taxes and to avoid U.S. wage, labor
Under public criticism and pressure initiated by U.S. Senator Rockefeller, Carnival announced today that it will reimburse the federal government for costs of over $4,000,000 incurred by the U.S. Coast Guard and U.S. Navy in responding to its Triumph and Splendor cruise ships.
Senator Rockefeller set his sights on the cruise industry at a Senate
As I mentioned earlier, Carnival responded to Senator Rockefeller’s letter inquiring into the cruise line’s avoidance of U.S taxes and its refusal to reimburse federal agencies for services rendered with what I characterized the other day as a "screw you!" letter.
Today news sources are reporting that Senator Rockefeller characterized Carnival’s response as "shameful."
Tonight Seatrade Insider published an article about Carnival CEO Micky Arison’s letter to Senator Rockefeller who has been critical of Carnival cruise line’s avoidance of taxes and non-payment of services to federal agencies like the U.S. Coast Guard.
You will recall that Senator Rockefeller, who convened a hearing last year after the Carnival-owned Costa Concordia
In an exclusive story, Cruise Line News has learned that cruise industry giant Carnival Corporation recently incorporated its business in the United States (in the state of Delaware). 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
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