Cruise Stocks Tumble After Commerce Secretary Lutnick Signals Tax Crackdown

The Royal Caribbean Cruise Ship ‘Explorer of the Sea’.

Getty Images

Shares of Cruise Lines Tumbled COMERCE SECE SECRETARY HOUTNICK SUGGESTED TRUMP Administration Would Down on Taxes Paid by the company.

“You ever see a cruise ship with an American flag on the back?” Said lutnick in an appearance on fox news.

“None of them pay taxes … Every supernker. None pay taxes … all foreign alcohol. No taxes.

Shares of Carnival Dropped 9%. Royal Caribbean Plunged 11%.

This is a developing story. Check back for updates.

(Tagstotranslate) Royal Caribbean Cruises Ltd (T) Carnival Corp (T) Howard Lutnick (T) Markets (T) Markets (T) Breaking News: Markets (T) Business News

Source link

Leave a Comment