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Do you have any estimate of how many buyers actually want to sail around / host parties, and for how many it's some kind of tax evasion / money laundering schem
by iguy 8y ago
Do you have any estimate of how many buyers actually want to sail around / host parties, and for how many it's some kind of tax evasion / money laundering scheme?
I don't know any details but always wonder about this... an easy-to-move super-expensive asset, physically in Cannes but legally in the Bahamas... there must be many schemes.
- Scoundreller 8y agoI’ve heard of similar VAT avoidance schemes where the vehicle/vessel gets returned or « returned » back to the tax-free base and another lease gets drawn up before VAT would be owed.
- michelb 8y agoThat kind of information is not something I'm privy to, but I'd say it's about 50/50. It's definitely a laundering scheme for many. They deal with brokers obviously, and those just want a cut, never mind where it came from. But they deliver to a lot of Russian oligarchs. I bet there are tons of schemes.