Cruise Operator Carnival Warns on 2026 Global Minimum Tax Charge

Anglo-American cruise line operator Carnival is anticipating higher income taxes next year linked to the implementation of the Organization for Economic Cooperation and Development’s global minimum tax.

“Regulatory costs related to emission allowances and higher income taxes driven by Pillar Two” will cost Carnival Corp. and Plc $0.11 per share in the 2026 financial year, Chief Financial Officer and Chief Accounting Officer David Bernstein told analysts on an earnings call Friday.

Pillar Two is the second pillar of the OECD’s global tax framework, which aims to impose a minimum 15% tax on large companies’ profits everywhere they operate.