Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Commerce Secretary announces U.S. taxes for cruise lines, causing major stock drops.

flag Commerce Secretary Howard Lutnick announced that cruise companies, which have been avoiding U.S. taxes by registering under foreign flags, will be required to start paying U.S. taxes. flag This led to significant drops in the stocks of major cruise lines like Royal Caribbean, Norwegian, and Carnival Corp., with declines ranging from 5% to 11%. flag Lutnick's comments, made on Fox News, suggest that the Trump administration plans to end tax avoidance by the cruise industry, potentially lowering taxes for Americans and raising funds for the government.

14 Articles