Most cruise lines don't pay federal income tax — just one of the reasons they aren't getting a bailout [MSNBC.com]
Carnival Corporation (CCL)
Last carnival corporation earnings: 4/3 12:51 pm
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Source: MSNBC.com
Cruise lines, which have been pummeled by the economic impact of thecoronavirusthe $2 trillion stimulus bill passed on Friday.While the stimulus bill allocates $500 billion for distressed businesses, in order to qualify, a company must be “created or organized in the United States or under the laws of the United States” and “have significant operations in and a majority of its employees based in the United States,” according to the new law.Some of the country’s largest publicly traded cruise lines are incorporated offshore. Carnival Corporation, which owns the Princess cruise line, is incorporated in Panama. Royal Caribbean is incorporated in Liberia, and Norwegian Cruise Lines is incorporated in Bermuda.Allowing the cruise lines go out of business would mean extensive job losses — but the idea of extending aid to these businesses is controversial.Carl Court / Getty Images“It doesn't sound like they'd be eligible for relief,” said Aaron Cutler, a partner with Hogan Lovells’ government
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CCL
News
- Princess Cruises Unveils Exclusive New Sanctuary Collection Aboard Sun Princess and Star PrincessPR Newswire
- 4 Reasons to Buy Carnival Stock Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
- Award-Winning Actress Hannah Waddingham Officially Christens Sun Princess in Awe-Inspiring CeremonyPR Newswire
- 4 Reasons to Buy Carnival Stock Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
- Princess Cruises Unveils Exclusive New Sanctuary Collection Aboard Sun Princess and Star PrincessPR Newswire
CCL
Earnings
- 3/27/24 - Beat
CCL
Sec Filings
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- CCL's page on the SEC website