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Trump encourages cruise lines that want stimulus money to register in US
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Trump encourages cruise lines that want stimulus money to register in US
US President Donald Trump on Thursday said he approved of American cruise lines incorporating themselves domestically if they want to access loans from a massive stimulus package. The US Senate on Wednesday approved a $2.2 trillion spending bill that sets aside $500 billion for large corporations, but stipulates that money can only be given to firms 'created or organized in the United States.' Major US-headquartered cruise lines are registered in countries with more lenient tax, labor and safety laws like Liberia, where Royal Caribbean is incorporated, and Panama, where Carnival is registered.
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