Sunday, November 19, 2017

Big 3 US Cruise Line Companies Total Effective Income Tax Rate Paid In Most Recent Five Years Was Only 1.7%

Based on a review of their audited annual financial statements and footnotes filed with the SEC, below are the Income Tax Paid along with the Pretax Income for each of the most recent five years of the Big 3 US Cruise Line Companies:

 














Total Total 5 Years
















5 Years 5 Years 2012-16

2016 2016
2015 2015
2014 2014
2013 2013
2012 2012
2012-16 2012-16 Effective

Income  
Income  
Income  
Income  
Income  
Income   Income

Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax Tax

Paid Income
Paid Income
Paid Income
Paid Income
Paid Income
Paid Income Rate Paid

mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s



















Carnival Corp          48       2,828
         40     1,799
           5     1,225
           4     1,072
           4       1,302
       101       8,226 1.2%
Royal Carribbean Cruises          20       1,303
         11        677
       (21)        741
         25        499
         56            74
         91       3,294 2.8%
Norwegian Cruise Line            9          640
         10        434
         10        340
           1        115
           0          169
         30       1,698 1.8%



















Total          77       4,771
         61     2,910
         (6)     2,306
         30     1,686
         60       1,545
       222     13,218 1.7%