Senators Working To Give Foreign Cruise Ships A Taxpayer Bailout

This press release was originally posted through Allied Progress. Allied Progress is now Accountable.US.

SEE: Tweet from CNBC Washington correspondent Kayla Tausche: “NEW: Cruise industry not confident it could borrow from any of the existing loan programs bc of offshore registration. Sr. admin official says bipartisan Senate grp working to ensure they can access one of the facilities– or else will seek a legislative fix in the next package.”

In response, Allied Progress Director Derek Martin released the following statement: “The cruise industry is based overseas and does everything they can to avoid paying American taxes, but now they have the gall to come to the American people and ask for a bailout? If the cruise industry is in need of financial help after they oversaw multiple coronavirus outbreaks, they should reach out to the countries they’re based in.”

BACKGROUND:

• “Carnival Corporation is incorporated in Panama, and Carnival plc is incorporated in England and Wales.”
• Royal Caribbean is incorporated in Liberia
• “Norwegian Cruise Line is incorporated in Bermuda”
  
• TRUMP POISED TO BAILOUT BILLION DOLLAR CRUISE INDUSTRY THAT PAYS ALMOST NOTHING IN TAXES

###