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US payroll tax credits/deferrals could help lines: Wells Fargo

Given the largely tax-exempt status of foreign-registered cruise lines, tax benefit opportunities in the US stimulus bill appear limited but may apply to payroll matters, Wells Fargo Securities said.

These could take the form of payroll tax credits and deferral of employer Social Security payroll tax payments, related to US employees.

The brokerage also noted the package's assistance to travel advisors and said details of the bill are awaited to see if there may be any loan guarantee provisions for cruise lines.

 

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