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Larry Larry is offline
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First recorded activity by BoatBanter: Jul 2006
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Default Flagging a boat in a foreign country

"jaybird" wrote in news:1155482028.960299.312280@
75g2000cwc.googlegroups.com:

Can you avoid sales tax and intangible taxes by purchasing and flagging
a boat say in the Carribean vs the US?



Sure. The incredibly rich have all their monster yachts flagged in the BVI
that come to Charleston. They don't leave them in one place long enough to
attract the tax bureaucrats' attentions....plus, of course, the
billionaires have batteries of lawyers and accountants they'd have to fight
for years to get a dime......making it unprofitable to persecute them.

Isn't that what the lawyer class lives for?

I'd bet Jimmy Dean or Gene Reed's law firms could bankrupt most any
county....