RCL on USA Today's S&P 500 no tax list

[MADflyer]

Now that RCL was added to the S&P 500 this past year due to their incredible success, the fact that they paid no US tax on their $764 million income becomes more publically scrutinized.

 

They are included today in USA Today's list of the 11 members out of the Standard and Poor's 500 that paid $0 in US tax.

 

http://americasmarkets.usatoday.com/2015/03/04/11-big-profitable-companies-pay-no-u-s-tax/

 

While this has been the case for years it was only covered by more obscure blogs and such prior, but now that they are part of the S&P this is getting more attention.

 

While this is most likely true of their competitors as well, they are not members of the S&P 500.

[LMaxwell]

Many don't realize that they don't even pay for USCG or Marine Police escorts either in US waters. Nor any costs associated with USCG rescue. Those costs fall directly on tax payers.

[chengkp75]

Ah, the benefits of flag of convenience and offshore incorporation. They all do it, and its always about the Benjamins.

[voyager70]

Ah, the benefits of flag of convenience and offshore incorporation. They all do it, and its always about the Benjamins.

 

You nailed it.

[kruzerci]

Many don't realize that they don't even pay for USCG or Marine Police escorts either in US waters. Nor any costs associated with USCG rescue. Those costs fall directly on tax payers.

 

Truth.

[orville99]

The odds are also fairly good that the company that manufactured the car you used to drive to the port, or that made the plane that you flew to the port city, or even the computer you used to make your reservations also paid no US income tax;)

[garycarla]

Also, keep in mind that half of Americans do not pay any income tax either. (and I am not talking about the rich here)

Edited March 4, 2015 by garycarla

[caribbean sailor]

Also, keep in mind that half of Americans do not pay any income tax either. (and I am not talking about the rich here)

 

This is because the American people who don't pay taxes make little are nothing.The dead beats here is Royal Caribbean and the US CONGRESS that allows this.And we know why $$$$$.:mad:

Edited March 4, 2015 by caribbean sailor

[MADflyer]

Also, keep in mind that half of Americans do not pay any income tax either. (and I am not talking about the rich here)

 

Yes. There is certainly a reason for that. Many jurisdictions have decided to have tax systems that actually tax the poor disproportionately, such as having high sales taxes and then no 'income' tax. These jurisdictions tend to need to have 'sales tax holidays' so their low income 'citizens' can afford to clothe their children or send them off to school.

 

The relationship between corporate taxes where millions in bonuses are paid out to key stakeholders and individual tax burden is not really a valid comparison.

[MADflyer]

The odds are also fairly good that the company that manufactured the car you used to drive to the port, or that made the plane that you flew to the port city, or even the computer you used to make your reservations also paid no US income tax;)

 

I guess it is hard to know that, but of the 500 companies on the S&P Index the 11 companies that did not pay any taxes are disclosed in the listing.

[Beachammo]

Remember taxes are an expense just like any other liability. If they start paying taxes the price of the cruise goes up.