On Feb 22, 12:45 pm, Larry wrote:
dt wrote :

What's the purpose of claiming a home port that's not "home"?

DT

The really BIG boats on the East Coast of the USA owned by the really RICH
Americans are all home-ported in the Cayman Islands.....to avoid the awful
taxes at home supporting bureaucrats throughout the world.

Lower life forms don't have this luxury....

Larry
--http://www.youtube.com/watch?v=fEJmcvTzYfo&mode=related&search=

Not true on two counts.

One: They are by no means "all" registered in the Cayman Islands. In
fact Marshall Islands registry, to name just one, is becoming more and
more popular.

And two: Any body with a few thousand dollars can set up an offshore
corp..