Quote:
Originally Posted by Rusty
The cruise ships are flagged to different countries for wage and safety regs. There is only one ship that is US flagged. It's a cruise ship in Hawaii. It never leaves the islands.
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Definitely. But they pad their profits by incorporating in Bermuda, “current Bermuda law,” where it’s incorporated, the company is “not subject to tax on income and capital gains.”
.... they should be looking to Bermuda for a bailout