3 ms·
This made me wonder what the tariffs will do to private jets and if the 100% write off for them just includes everything or if there is more nuance there.
by collingreen 1y ago
This made me wonder what the tariffs will do to private jets and if the 100% write off for them just includes everything or if there is more nuance there.
- generj 1y agoI’ve heard private jets goers barely get bothered with customs - I’m curious how much smuggling starts happening via them.
- dylan604 1y agostarts? Might I introduce you to the story of Barry Seal? https://www.imdb.com/title/tt3532216/?ref_=nv_sr_srsg_0_tt_8_nm_0_in_0_q_american%2520made https://www.imdb.com/title/tt3532216/?ref_=nv_sr_srsg_0_tt_8...
- Symbiote 1y agoThe jets can be registered somewhere else (Bermuda, Cayman Islands, Aruba, Isle of Man) and thus never officially imported into the USA. e.g. https://www.occrp.org/en/investigation/tax-rules-for-the-super-rich-make-the-isle-of-man-a-haven-for-private-jets https://www.occrp.org/en/investigation/tax-rules-for-the-sup...
- collingreen 1y agoGenius!
- nunez 1y agoSame as yachts and big ships.
- JumpCrisscross 1y agoNo. I live in a wealthy Wyoming town. We already have runners who will bring tax-free construction materials in from Canada and Mexico (or hell, in undeclared cargo, idk) for cash. This is how life works in high-tax states like Greece and India.