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Updated: January 18, 2018 @ 10:52 pm
January 18, 2018
The cruise lines use an age-old loophole of registering in foreign countries to skirt paying corporate taxes that all other US corporations pay. This bill appears to offset that loophold. The cruise lines should register as US corporations and pay taxes like everyone else. By the way, if they did register as US corporations, they would not be subject to the requirement of having the Pilots escort them in and out of ports. Even though the Pilots claim it’s all about maritime safety, only foreign ships are required to use Pilots. That savings would offset much of the taxes.
The Tax bill would give many hardworking folks in Galveston needed tax breaks . Longshoremen would benifit greatly. The port is vastly turning into a landlord port.Not what it was originally meant to be.
Jarvis: [The port is vastly turning into a landlord port. Not what it was originally meant to be.]
What do you mean by that Jarvis?
Forcing Cruse lines to pay US taxes seems like a good idea to me. Their American patrons finance their US operations and their income should be taxed by the US.
I respect the heck out of both O'Rourkes . I hope they don't start drinking the Kool-aid. Of liberal bias.
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