Cruise Ships Might Get More Expensive Over Time
Cruise ship vacations have historically been affordable due in part to cruise lines leveraging tax loopholes by registering their vessels in foreign countries. This practice allows them to avoid paying U.S. taxes. However, calls to address these loopholes have been growing louder in recent times.
While no immediate changes have occurred, the cruise industry may eventually face increased expenses if regulations are tightened. Consequently, cruise costs could potentially rise as cruise lines adapt to evolving tax policies and the industry faces new financial challenges in the future.