When it comes to business bailouts it helps to be a taxpayer
NY Times:
The Cruise line business model is one that avoids US taxes by registering the ship in tax-friendly countries and those countries don't really have the capacity to bailout them out when hard times hit the business. They may need to change their business model to survive.Cruise Lines Were Shut Out of the Stimulus. Here’s Why.
The hard-hit sector of the travel industry was left out of the $2 trillion stimulus package.
Century-old tax provisions help explain what happened.
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