travel
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by travelandtourworld
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22 Feb 2025
Royal Caribbean, Norwegian Cruise Line, and Carnival are facing mounting pressure as the Trump administration and the US government take aim at offshore tax loopholes widely used by the cruise industry. Newly appointed US Commerce Secretary Howard Lutnick has signaled a crackdown on major cruise operators, accusing them of avoiding US corporate taxes by registering their ships in foreign countries such as Liberia, Bermuda, and Panama.
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