Currently, foreign cruise liners operate almost completely outside of the scope of the U.S. tax system, and this arguably has a discriminatory impact on U.S. cruise lines. Generally, if a foreign corporation is deemed to have a permanent establishment in the United States, they are subject to a tax on the portion of their income that is attributable to the U.S. For example, if a foreign clothing company, had just one small store in Miami where there could be “continuous and systematic” presence, it would be viewed to have a permanent establishment and taxed 30%. Since foreign cruise corporations fall into the category of “shipping,” the headquarters they have in the U.S. aren’t considered a permanent establishment. Therefore, the U.S. isn’t …show more content…
tax. Even, if the Panamanian company were to move it’s headquarters from Miami, it would likely still be considered to be engaged in a U.S. trade or business because there is continuous and systematic presence in the United States. For example, with 90% of the customers being U.S. citizens or residents, and daily docking at U.S. ports, these cruise ships would be perceived as if they still had an actual principal place of business. Viewing this income as being U.S. sourced and effectively connected with a U.S. trade or business would make the income subject to U.S. taxes at the same rate as other income, such as the corporate income tax rate is 35 percent. In conjunction with this tax, Senator Rockefeller’s bill planned to impose a 5 percent excise tax, which would be used to fund the infrastructure that the ships benefit from. The Rockefeller bill would impose this excise tax on gross income from cruises “embarking or disembarking passengers in the U.S.” Generally, cruises that had a majority of passengers embark or disembark in the U.S. would have all of its gross income from that voyage would be subject to excise tax. However, for cruises that call at a U.S. port, but not actually embark or disembark a majority of the passengers in the U.S., only half of the gross income from that voyage would be subject to the tax. According to Sen. Rockefeller, the excise tax is similar to passenger taxes in the aviation industry and gas tax for motor
... laws governing the activities of foreign states in its EEZ. Ecuador’s blatant violation demonstrates their lack of respect for UN law. Donald Thomas was simply conducting his business to preserve his quality of life and his rights were infringed upon. To allow this case to go unresolved endangers the livelihood of many more fishermen. Ruling in favor of Ecuador would set a precedent that has far-reaching consequences: Exclusive Economic Zones are territorial waters. As a result, rights would be granted to States in their territorial waters that were not intended to be by the United Nations Convention on the Law of the Sea. The violence exhibited by the Ecuadorian navy shows a lack of restraint parallel to the actions of rogue nations. The United States continues to insist that Ecuador did not meet the customary international standard in handling this situation.
They would be upset because during the the war with Britain British kidnapped American sailors and forced them to work on British ships. They would also be upset that the Embargo affected them drastically. “the Royal Navy 's insatiable need For seamen to man hundreds of ships caused her commanders to seize or "impress" men, whether they were sailors and landsmen” (61). In this war, the British council established embargoes which made international trade for American hard. This is the prone reasons Mainers can make a living for themselves, and with british establish embargoes their high sellers and their internationals sales would affect with their living. I would think that would upset a Maine ship
The industry started a major growth phase in the late 1960s and early 1970s achieving more than 2,100 percent growth. The early goal of the cruise industry was to develop a mass market since cruising was until then an activity for the elite. A way to achieve this was through economies of scale as larger ships were able to accommodate more customers as well as to create additional opportunities for onboard sources of revenue. The global growth rate of the cruise industry has been enduring and stable, at around 7% per year in spite of economic cycles of growth and recession. For instance, the financial crisis of 2008-2009 has not impacted the demand for cruises. This underlines that the industry has been so far fundamentally supply based; the ships are built and the customers are found to fill them through various marketing and discounting strategies.
...ts. They cannot distribute, import, sell or resell goods. Only their Cuban partners can do that.
companies to defer paying taxes on their overseas income indefinitely while deducting many of the expenses associated with moving offshore – this provides a double subsidy to U.S. companies that ship work overseas (Aflcio).” Studies have shown that $7 to $12 billion dollars of tax revenue could be spared, and used for projects that would benefit the growth of U.S. economy on home soil (Aflcio). I believe that tax breaks should not be going to th...
Gillies, G. (2005) Transnational Corporations and International Production. Concepts, Theories and Effects, Edward Elgar, Cheltenham
Viking Investments negotiation was based on Pat Olafson (Viking) and Sandy Wood (Wood Crafters) trying to reach an agreement on the loan owed by Sandy ($200,000), the rent ($10,000) and the over-run ($250,000) for the job done. There were four members involved: Chelsea'an (Pat’s Lawyer), Kesha (Pat Olafson), Destiny (Sandy’s Lawyer) and myself (Sandy).
In U.S. waters and ports, the ships had to comply with U.S. Coast Guard and U.S. Public Health regulations, the Maritime Transportation Security Act, International Ship and Port Facility Security Code, U.S. Oil Pollution Act of 1990, U.S. Maritime Commission, local port authorities, local and federal law enforcement agencies, and all laws pertaining to the hiring of foreign workers. Under he Center for Disease Control all the cruises are inspected for health issues.
Accor Hotels is a multinational hotel group which owns, operates and franchises over 3700 in 92 countries representing several different brand names. The brands they represent range from budget, economy to five star accommodation. This hotel group is classed as a large organisation, they call their Human Resource department Talent and Culture this department consists of managers and staff who 's main focus is the Human Resource Management roles and responsibility. The Human Resource role and responsibility within the Accor company is the human resource manager as it a large business, this department supports business and running of the business. The human resource manager is responsible for employee engagement, employee relations, recruitment and selection, health and safety and legislation.
Ryanair is operating in a period where there is an economic recession, but lucky for Ryanair, passengers both casual and business tend to prefer low fare airlines to full-service airlines as they try to cut back on cost. A major concern for Ryanair is the EU-US Open Skies Agreement that opens the European market to US airlines. Increased completion would make it difficult for Ryanair to keep its competitive advantage especially when these Airlines are operating in an environment where operating cost is lower due to lower taxes and labour cost. Also customer
Sea Goddess Cruises, Limited (SGC) is obviously not accomplishing what it needs to financially to obtain a fair share of the market. There are a number of current strategies that will be reconsidered and rejected.
Maldives Transport and Contracting Company, (MTCC) was incorporated in 1980. The company was established with the objective to contribute towards the development of infrastructure and transport service in the country. Since then MTCC has positioned itself as one of the strongest business entities in the country with a diversified range of products and services, with a work force of over 1090 employees across the country. Today the company offers a diverse range of services such as construction and project management services, logistical operations, modern transport services, engineering and docking service and a plethora of reputed product as, Yanmar and Suzuki marine engines, Hamilton propulsion system, Castrol lubricants, Sigma protective
In 2013-14 Tauranga had 83 voyage calls, 25 vessels entering with 83 port days in total. They also had 100 unique passengers and 149,000 passenger port days. Tauranga has established itself as a go-to destination for cruise passengers, with its natural beauty and friendly locals it is not hard to see why. Over the years, Tauranga’s cruise tourism has changed from the 2013-14 statistics, the amount of voyage calls this year has gone down but the amount of unique passengers has gone up to 160,100.
Low Price: WestJet Airline is the high value company among the competitors, who offers great deals. One of the main strength of WestJet Airlines is lowest airfare - it gives a competitive advantage and it helps make feel of value for money among the passengers.
According to Cruise Market Watch (n.d.) the revenue generated by cruise tourism is estimated at US$36.2 billion with about 20.9 million passengers carried for 2013. This shows that the cruise industry is undoubtedly a profitable industry with a pool of like-minded tourists, where cruise companies are the one-stop shop offering a comprehensive package for a vacation.