The US tax code’s tax exemptions allow major cruise lines to keep a large portion of their earnings. Critics of the industry contend that cruise lines can avoid paying millions in US corporation taxes by registering ships overseas and flying foreign flags.
But how is this flaw even conceivable? The rest of us landlubbers are left high and dry while they travel the seven seas with a secret guide to hidden treasure. Arrr!
Okay, we’re done.
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Source: The Hustle
