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Flagging a boat in a foreign country
Can you avoid sales tax and intangible taxes by purchasing and flagging
a boat say in the Carribean vs the US? |
Flagging a boat in a foreign country
yes
======== "jaybird" wrote in message ups.com... Can you avoid sales tax and intangible taxes by purchasing and flagging a boat say in the Carribean vs the US? |
Flagging a boat in a foreign country
"jaybird" wrote in message
ups.com... Can you avoid sales tax and intangible taxes by purchasing and flagging a boat say in the Carribean vs the US? Yes. I believe there's a time restriction involved... 90 days if my memory serves. I don't believe you have to flag it elsewhere. -- "j" ganz @@ www.sailnow.com |
Flagging a boat in a foreign country
Depends on the state....
There are LOTS of closings in Bimini due to Florida taxes... Only problem, once you bring it back for more than a few months you owe USE tax (6%...same as sales tax) The boat has to stay out of the US and out of FL for most of the year. If you plan to use the boat mostly out of the states then it may work for you if not, it's more expense than it is worth. There are also other tax loopholes for domestic use. For Florida, if you are a resident and own and use a boat in another US state for 6 months and you paid tax in that state (if applicable) then no state use tax is due when you bring it to Florida. Most state's web sites explain it. Capt. JG wrote: "jaybird" wrote in message ups.com... Can you avoid sales tax and intangible taxes by purchasing and flagging a boat say in the Carribean vs the US? Yes. I believe there's a time restriction involved... 90 days if my memory serves. I don't believe you have to flag it elsewhere. |
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.... |
Flagging a boat in a foreign country
In Larry writes:
"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. Of course they have paid crew to move the boat from place to place so that they can avoid taxes. Perhaps the crew will avoid income taxes as well. Isn't that what the lawyer class lives for? Of course it is good busines to pay a lawyer 10 dollars to avoid paying Oncle Sam one dollar. I'd bet Jimmy Dean or Gene Reed's law firms could bankrupt most any county.... Why should they do that? - Lauri Tarkkonen |
Flagging a boat in a foreign country
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Flagging a boat in a foreign country
jaybird wrote:
Can you avoid sales tax and intangible taxes by purchasing and flagging a boat say in the Carribean vs the US? It depends on the state. The excise tax in MA is owed regardless of where the vessel is flagged. However, for a new 60+ foot boat the bill is only $500, and for a more typical boat its under $200. In MA you can avoid the sales tax by keeping the boat in Rhode Island for 6 months. However, there are some states that will collect the sales tax (they call it a use tax) if you can't show that you paid it elsewhere. On the other hand, foreign flagging must be an open invitation to the CG to "Board Me!" |
Flagging a boat in a foreign country
In Larry writes:
(Lauri Tarkkonen) wrote in news:ebnr1r$lnk$1 : I'd bet Jimmy Dean or Gene Reed's law firms could bankrupt most any county.... Why should they do that? The point was that the POSSIBLITY of any action against someone BIG would be the action might FAR exceed and revenues gained from the action....making the action "less attractive" to the bureaucrats involved than going after small people without the huge law firms. What do income, real estate, sales, VAT and boat taxes look like in Finland?.... I guess we pay higher taxes than what you do in the U.S., but we know that there is nothing called free lunch. We have one of the better educational systems and our medical care is on a high level we spend a reasonable amount in army and because the expenditure is sanctioned by the parliament choosen by the people. We do not have a special boat tax, but boats are property like any other property and there is a property tax, but that is not very high. Most people do not even know what it is, as it is so neglible. How much does gasoline cost? What part of that is taxes? Gasoline costs at the moment some 1.3 Euros per litre and there is tax some 54% of that. Just interested as our fuel triples in price in just a few years.... The more mess you are making in the middle east, the more the oil price will go up. But anyway, every fellow making tricks to avoid taxes due to him makes the rest of us pay even his share. - Lauri Tarkkonen |
Flagging a boat in a foreign country
jaybird wrote: Can you avoid sales tax and intangible taxes by purchasing and flagging a boat say in the Carribean vs the US? Some folks do their best to escape their democratic elected tax laws. In Oregon both WA and CA residents do their covert best to register their boats/cars in Oregon. I have a 39' boat and up to a couple years ago my state boat registration was $35. I think it is up to over $150 for two years now. Cant remember I just close my eyes and write the check. Contrary to ordinary, I know that the owner of a popular west coast sailing magazine who lives in CA and operates his business there for some strange reason had his boat registered in Oregon?!? Go figure? I suggest searching the state boat registration sites and become a resident of that state most beneficial to your needs. Heck, Bush the First did that. Lived in DC and the NE while claiming to be a TX resident. I guess if you have enough houses you can be a resident most any place. Bob |
Flagging a boat in a foreign country
Wayne.B wrote:
On Sun, 13 Aug 2006 17:36:42 -0400, Jeff wrote: On the other hand, foreign flagging must be an open invitation to the CG to "Board Me!" Not really, they are used to seeing it on larger yachts, and those boats do not cut corners with safety equipment or other regulatory issues. Earlier in the summer I was moored in a quiet cove in Salem Bay (MA) when a CG boat did a "routine safety inspection" of 45 foot powerboat at 10PM. Lights flashing, bumping into other boats in the anchorage - it was really rather surreal. The next morning I asked one of the local boats that was near the action what was going on, and he said that every new power boat that is "drug running capable" gets boarded until the local CG gets to know them. And another friend with a large powerboat that happens to have a southern city as the hailing port gets boarded, even though he's a assistant harbormaster and the head of a local SWAT Team and sniper group. Somehow, I don't think the CG would look at a foreign flagged boat and say, "Oh, they're Algerian - they must be cool!" |
Flagging a boat in a foreign country
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Flagging a boat in a foreign country
Jeff wrote in
: Somehow, I don't think the CG would look at a foreign flagged boat and say, "Oh, they're Algerian - they must be cool!" No, but they DO say, "Oh, he's Bill Gates - We don't want that trouble." |
Flagging a boat in a foreign country
Larry wrote:
Jeff wrote in : Somehow, I don't think the CG would look at a foreign flagged boat and say, "Oh, they're Algerian - they must be cool!" No, but they DO say, "Oh, he's Bill Gates - We don't want that trouble." True, but I don't think the OP was Bill Gates. And anyone remotely close to that level is not asking for legal advice in this forum. |
Flagging a boat in a foreign country
On Sun, 13 Aug 2006 21:06:39 -0400, Jeff wrote:
Earlier in the summer I was moored in a quiet cove in Salem Bay (MA) when a CG boat did a "routine safety inspection" of 45 foot powerboat at 10PM. Lights flashing, bumping into other boats in the anchorage - it was really rather surreal. The next morning I asked one of the local boats that was near the action what was going on, and he said that every new power boat that is "drug running capable" gets boarded until the local CG gets to know them. If that happened to me with no probable cause, I'd be writing letters and making phone calls the next day. If enough people complain about that kind of nonsense it can make a difference. Sounds like your local CG is on a power trip. |
Flagging a boat in a foreign country
"Thomas Wentworth" wrote in
news:Cf_Dg.1483$df.1449@trndny06: You are letting frustration get in the way of reason. Sure, the American Government is full of corruption but it isn't being run by "Illuminati". Nope...not at all. Go watch the video quoted, and see their pictures. Look on the back of your one dollar bill. The evidence is right there in front of you. That was a present to the freemasons from FDR, a 32nd degree freemason, himself. The video is NOT an undocumented conspiracy theory. Every fact the reader states is shown on the screen. It's very well done. There's lots of more evidence available across the net, all highly documented. All one has to do is open their brainwashed little heads. It mattered not who won the last Presidential election. Both major candidates were members of all the quoted organizations. No matter who won, "they" one, same as usual. You can vote for this one of our candidates or that one of our candidates, it matters not which to "us". Zebulon is watching over you, us. The nation's capital, their new headquarters, was laid out by them from its conception. The Washington monument to a 33 degree freemason, our first President, George Washington, is their monument to freemasonry. Open your eyes, man. The people of the country aren't the reason for the constant wars that make the freemason bankers filthy rich and kill millions! (The inscription under the pyramid and Zebulon's eye on the dollar means, "New World Order", by the way.) -- There's amazing intelligence in the Universe. You can tell because none of them ever called Earth. |
Flagging a boat in a foreign country
Larry wrote:
"Thomas Wentworth" wrote in news:Cf_Dg.1483$df.1449@trndny06: You are letting frustration get in the way of reason. Sure, the American Government is full of corruption but it isn't being run by "Illuminati". Nope...not at all. Go watch the video quoted, and see their pictures. Look on the back of your one dollar bill. The evidence is right there in front of you. That was a present to the freemasons from FDR, a 32nd degree freemason, himself. The video is NOT an undocumented conspiracy theory. Every fact the reader states is shown on the screen. It's very well done. There's lots of more evidence available across the net, all highly documented. All one has to do is open their brainwashed little heads. It mattered not who won the last Presidential election. Both major candidates were members of all the quoted organizations. No matter who won, "they" one, same as usual. You can vote for this one of our candidates or that one of our candidates, it matters not which to "us". Zebulon is watching over you, us. The nation's capital, their new headquarters, was laid out by them from its conception. The Washington monument to a 33 degree freemason, our first President, George Washington, is their monument to freemasonry. Open your eyes, man. The people of the country aren't the reason for the constant wars that make the freemason bankers filthy rich and kill millions! (The inscription under the pyramid and Zebulon's eye on the dollar means, "New World Order", by the way.) Yes. Open your eyes, man. |
Flagging a boat in a foreign country
Larry wrote:
"Thomas Wentworth" wrote in news:Cf_Dg.1483$df.1449@trndny06: You are letting frustration get in the way of reason. Sure, the American Government is full of corruption but it isn't being run by "Illuminati". Nope...not at all. Go watch the video quoted, and see their pictures. Look on the back of your one dollar bill. The evidence is right there in front of you. That was a present to the freemasons from FDR, a 32nd degree freemason, himself. The video is NOT an undocumented conspiracy theory. Every fact the reader states is shown on the screen. It's very well done. There's lots of more evidence available across the net, all highly documented. All one has to do is open their brainwashed little heads. It mattered not who won the last Presidential election. Both major candidates were members of all the quoted organizations. No matter who won, "they" one, same as usual. You can vote for this one of our candidates or that one of our candidates, it matters not which to "us". Zebulon is watching over you, us. The nation's capital, their new headquarters, was laid out by them from its conception. The Washington monument to a 33 degree freemason, our first President, George Washington, is their monument to freemasonry. Open your eyes, man. The people of the country aren't the reason for the constant wars that make the freemason bankers filthy rich and kill millions! (The inscription under the pyramid and Zebulon's eye on the dollar means, "New World Order", by the way.) It does seem suspicious seeing that pyramid and 'all seeing eye' on your money. That Patrick guy who acted in the original Brit TV series 'The Avengers' had a documentary on a cable station here in the spring about those secret orders. |
Flagging a boat in a foreign country
You may want to check out this site.
http://mydakotaaddress.com/ Paul jaybird wrote: Can you avoid sales tax and intangible taxes by purchasing and flagging a boat say in the Carribean vs the US? |
Flagging a boat in a foreign country
Dave wrote: If that happened to me with no probable cause, I'd be writing letters and making phone calls the next day. More sea lawyer talk. The CG doesn't need probable cause to board your vessel and inspect it. Got that right............. ANY place, ANY time, No reason needed. And forget that "international waters" BS........... If you are on the water within the US EEZ or any place on world's highseas your ass belongs to the US GOVERNMENT. The .mil guys have very long arms. |
Flagging a boat in a foreign country
"Bob" wrote in news:1155578624.425200.299360
@p79g2000cwp.googlegroups.com: Got that right............. ANY place, ANY time, No reason needed. And forget that "international waters" BS........... If you are on the water within the US EEZ or any place on world's highseas your ass belongs to the US GOVERNMENT. The .mil guys have very long arms. The mil guys aren't the only ones.... On Charleston Harbor, you may be boarded and harassed by, count them, SEVEN different bureaucracies, some dressed up in flak jackets and driving OD Green bassboats, carrying M-16's....FROM THE DEPARTMENT OF NATURAL RESOURCES!....I call them "Bubbas In Drag"...(c; The Constitution seems to take a bath as you walk off the beach and into the water. Of course, it's part of the Illuminati's plans, documented over a hundred years ago.... -- There's amazing intelligence in the Universe. You can tell because none of them ever called Earth. |
Flagging a boat in a foreign country
Larry wrote: dressed up in flak jackets and driving OD Green bassboats, carrying M-16's....FROM THE DEPARTMENT OF NATURAL RESOURCES!.... Gezzz, youre kidding me I hope?!? DNR gone Rubby Ridge- Wako? What ever happend to the ole Game Warden types???? Bob |
Flagging a boat in a foreign country
Dave wrote:
On Mon, 14 Aug 2006 15:16:18 -0400, Larry said: Of course, it's part of the Illuminati's plans Look up, Larry. The black helicopters are coming for your. For your what? |
Flagging a boat in a foreign country
Paul wrote:
You may want to check out this site. http://mydakotaaddress.com/ Paul jaybird wrote: Can you avoid sales tax and intangible taxes by purchasing and flagging a boat say in the Carribean vs the US? How about owning your boat in a Delaware Corporation? Mike |
Flagging a boat in a foreign country
Dave wrote:
On Mon, 14 Aug 2006 08:19:57 -0400, Wayne.B said: If that happened to me with no probable cause, I'd be writing letters and making phone calls the next day. More sea lawyer talk. The CG doesn't need probable cause to board your vessel and inspect it. In American waters only if you are not American, and anywhere if you are American |
Flagging a boat in a foreign country
On 14 Aug 2006 15:27:43 -0700, "Mike" wrote:
How about owning your boat in a Delaware Corporation? For the last 20 or 30 years that has been like naming your boat "Tax Dodger". It will get attention. |
Flagging a boat in a foreign country
On 14 Aug 2006 10:32:01 -0500, Dave wrote:
More sea lawyer talk. The CG doesn't need probable cause to board your vessel and inspect it. Very true, but when they do it in the middle of the night with "SWAT team" tactics they should be made to justify it, and it can be done if you know which strings to pull. |
Flagging a boat in a foreign country
"Bob" wrote in news:1155590668.324714.31530
@i3g2000cwc.googlegroups.com: What ever happend to the ole Game Warden types???? They all got OD green boats and flak jackets for Christmas.... It scares me to see Bubbas with that much fire power.... -- There's amazing intelligence in the Universe. You can tell because none of them ever called Earth. |
Flagging a boat in a foreign country
On 14 Aug 2006 19:11:01 -0500, Dave wrote:
I'm all ears. Which strings? Make phone calls and write letters - to the right people. |
Flagging a boat in a foreign country
Don White wrote:
That Patrick guy who acted in the original Brit TV series 'The Avengers'... Wasn't that Patrick McKnee ? |
Flagging a boat in a foreign country
Sailaway wrote:
Don White wrote: That Patrick guy who acted in the original Brit TV series 'The Avengers'... Wasn't that Patrick McKnee ? Yes, I believe that's right. (alias Jonathan Steed) |
Flagging a boat in a foreign country
I should think the word "reasonable" would apply here. If the Coast Guard
is waking you up at 3am, doing an inspection of your boat and you are the "only" boat that is getting treated this way; then I think you would have a reasonable complaint. Let's get more extreme; say you are Black, and you own a big White yacht. At 3am, the Coast Guard comes knocking. Yet, the big Black yacht next to yours which is owned by the White guy is never bothered ................ Then, I would say that you have every right in the world to file a lawsuit. My guess is that the Coast Guard is inspecting boats on a regular basis. They know what reasonable means. They are not going around messing with boaters for the fun of it. Let's use another example: say you are in a bar watching the baseball game. The guy next to you, who happens to be in the Coast Guard is a Red Sox fan and you are a Yankee fan. You two get into it. The Coast Guard guy says "I'll see you on the water some time". At 3am his buddies and he come knocking. You prove in court that he said what he said. You bring in the bartender who swears he said "I'll see you on the water some time".. Law suit ,,, $$$$$$$$$$$$$$$$$$$$$$$$ Reasonable ... "Dave" wrote in message ... On Mon, 14 Aug 2006 19:41:01 -0400, Wayne.B said: when they do it in the middle of the night with "SWAT team" tactics they should be made to justify it, and it can be done if you know which strings to pull. I'm all ears. Which strings? Seems they didn't teach us that in law school. But maybe you got admitted to the bar with your detailed knowledge of such matters. |
Flagging a boat in a foreign country
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Flagging a boat in a foreign country
On Sun, 13 Aug 2006 17:36:42 -0400, Jeff wrote:
jaybird wrote: On the other hand, foreign flagging must be an open invitation to the CG to "Board Me!" Not in the least. |
Flagging a boat in a foreign country
On 15 Aug 2006 20:12:04 -0500, Dave wrote:
Apparently you attended the lecture where they teach you that if you can't answer the question asked, answer the question you wish they had asked. And you attended the one where they teach you to always have the last word? |
Flagging a boat in a foreign country
Throughout my life, the least liked people I have met have been those who
"can't suffer a fool". Why? Because it shows a lack of understanding. Attorneys didnt become the most despised profession in the USA without some effort. Oh no. They go about their day telling everyone they have all the answers but then can't answer a straight question. Example: Bill Clinton, disbarred/allowed back lawyer, ..." it all depends what the meaning of is is". I know many folks who aren't very smart. They didn't go to the best schools, don't have degrees, get along as best they can. BUT THEY KNOW WHAT THE MEANING OF "IS,IS". ============================================== What I don't suffer easily is a knowitall. And you are an example of one. My guess, and this is an educated one .............. You are one lousy lawyer. ============================ "Dave" wrote in message ... On Tue, 15 Aug 2006 22:04:23 -0400, Wayne.B said: Apparently you attended the lecture where they teach you that if you can't answer the question asked, answer the question you wish they had asked. And you attended the one where they teach you to always have the last word? Some people have a talent for suffering fools gladly. I lack that talent. |
Flagging a boat in a foreign country
In article ,
Dave wrote: On Tue, 15 Aug 2006 22:04:23 -0400, Wayne.B said: Apparently you attended the lecture where they teach you that if you can't answer the question asked, answer the question you wish they had asked. And you attended the one where they teach you to always have the last word? Some people have a talent for suffering fools gladly. I lack that talent. Try explaining that to the Coastie with his Sidearm and FlakVest, just after he boards your vessel......can you say "not impressed"....... |
Flagging a boat in a foreign country
On 16 Aug 2006 10:00:02 -0500, Dave wrote:
And you attended the one where they teach you to always have the last word? Some people have a talent for suffering fools gladly. I lack that talent. ========= I rest my case. |
Flagging a boat in a foreign country
Jeff wrote:
Earlier in the summer I was moored in a quiet cove in Salem Bay (MA) when a CG boat did a "routine safety inspection" of 45 foot powerboat at 10PM. Lights flashing, bumping into other boats in the anchorage - it was really rather surreal. The next morning I asked one of the local boats that was near the action what was going on, and he said that every new power boat that is "drug running capable" gets boarded until the local CG gets to know them. And another friend with a large powerboat that happens to have a southern city as the hailing port gets boarded, even though he's a assistant harbormaster and the head of a local SWAT Team and sniper group. Coast Guard surveillance isn't all bad. My daughter's brother-in-law Joe decided that he'd like to go to the Bahamas (from Miami) on Thursday night after he'd had dinner with his dad. He and his half brother Eric took off in the boat that he co-owned with my daughter and SIL - at night, and this boat has two 250 hp engines on it - about a 30 foot power boat. The CG stopped them and asked them what they were doing. After they were allowed to go on their way, the CG kept them on their radar. This was a GOOD thing, because the boat ran into an uncharted rock which ripped up through the cabin sole and trashed one of the engines. Eric was at the wheel and went through the dodger/windscreen, but Joe was pitched down into the cabin, and broke his wrist and severed his Achilles tendon. He was able to put out a Mayday, and the CG knew right where they were and came right away. They evacuated both men - they tied the boat to the rock - the report said that they would have left someone there, but the deck was so slippery from blood etc that it wasn't really safe. Eric had some stitches in his face, and Joe was taken to the hospital for his broken wrist. Now Joe is a personal injury lawyer, and the hospital people said they'd have him operated on the next day, but Joe didn't recognize any of the names of the doctors who would be doing the work. So he called his dad, and checked out of the hospital - hopping on one foot and went to another hospital. When he checked into the second hospital, they x-rayed him and found that he had also broken a vertebra in his neck. He's OK now. And the boat was taken by a Bahamian who was prosecuted (not by Joe I don't think, but by Bahamian authorities) for theft, and the boat was recovered - of course there wasn't much that could be salvaged of it, but the insurance company wanted to see it. |
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