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They even try and avoid VAT - an example if flying a private jet outside the country to 'buy' it. Or in the case of Abramovich - allegedly create a whole circ
by DrScientist 1y ago
They even try and avoid VAT - an example if flying a private jet outside the country to 'buy' it.
Or in the case of Abramovich - allegedly create a whole circular set of sham companies to avoid paying VAT on your super yacht.
See https://www.thebureauinvestigates.com/stories/2025-06-19/cyprus-steps-up-pursuit-of-abramovichs-14m-unpaid-taxes#:~:text=Blue%20Ocean%20Yacht%20Management%2C%20a,owed%20%E2%82%AC14m%20in%20VAT. https://www.thebureauinvestigates.com/stories/2025-06-19/cyp...