Friday, May 24, 2013

Turkish Tax Haven

Would you believe - it's Delaware?  Seem's a large number of boats here, power and sail, are part of Delaware dummy corporations set up to avoid the payment of taxes.  We knew several US boat owners who set up Delaware dummy corporations so as to avoid the payment of sales taxes on their boats.  Seeing all of the US registered boat here was a shock.  WiFi here is pretty poor at the moment but when I have better service I'll upload the photos of the boats here on our dock (J). 

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