On 4 Apr 2006 21:17:01 -0500, Dave wrote:

The place you get into tax
fraud is when you claim the boat lives somewhere other than where it does,
and pull out the registration or documentation papers to prove it.

Where does the boat "live" when it is constantly on the move? Those
are the folks with a legitimate reason to document offshore. No fraud
or cheating involved, just good business.