Carnival Executives Knew They Had a Virus Problem, But Kept the Party Going
"Although Arison has spoken with Trump during the crisis, Carnival and its rivals were left out of a federal bailout of U.S. businesses, in part because they aren’t, legally speaking, U.S. businesses. Carnival paid $71 million in taxes on $20.8 billion in revenue last year to Panama, where it’s technically incorporated. “There was very strong bipartisan opposition to a cruise industry bailout, and there will continue to be,” says Democratic Senator Richard Blumenthal of Connecticut. “They have flown under international flags, and abated or skirted taxes, with a record of predatory conduct. They need to prove that they’re going to follow American norms and laws.”
"Donald acknowledges that his company doesn’t pay the IRS like a typical company. “It’s true that as a corporation, we don’t pay income tax,” he says. But he says Americans benefit from the port and harbor fees that Carnival pays....... "
"Although Arison has spoken with Trump during the crisis, Carnival and its rivals were left out of a federal bailout of U.S. businesses, in part because they aren’t, legally speaking, U.S. businesses. Carnival paid $71 million in taxes on $20.8 billion in revenue last year to Panama, where it’s technically incorporated. “There was very strong bipartisan opposition to a cruise industry bailout, and there will continue to be,” says Democratic Senator Richard Blumenthal of Connecticut. “They have flown under international flags, and abated or skirted taxes, with a record of predatory conduct. They need to prove that they’re going to follow American norms and laws.”
"Donald acknowledges that his company doesn’t pay the IRS like a typical company. “It’s true that as a corporation, we don’t pay income tax,” he says. But he says Americans benefit from the port and harbor fees that Carnival pays....... "
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