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Isle of Man bizjet tax

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Old 6th Nov 2017, 21:27
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Isle of Man bizjet tax

One snippet from tonight's panorama expose on offshore tax avoidance was that IOM authorities had issued tax refunds for 230 business jets (one belonging to Mr L Hamilton) Funnily enough, last time I was there there were no biz-jets to be seen at all!
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Old 6th Nov 2017, 21:34
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That's 'cos they fly.

It's a flag of convenience. Not a home base.

Not many Liberian-flagged ships in port in Monrovia either.

Lots of Delaware-registered companies have zero hours worked by employees in Delaware.
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Old 7th Nov 2017, 07:17
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Bit more story

The island that swapped donkey rides for offshore cash - BBC News
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Old 7th Nov 2017, 07:20
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Some intelligent commentary on the matter from Corporate Jet Investor:

https://corporatejetinvestor.com/art...panorama-icij/
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Old 7th Nov 2017, 08:23
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"It's a flag of convenience not a home base..". Yes. Thank you for making my point cazalet. "Convenience" in this context meaning, as with merchant shipping, minimal tax, regulatory oversight and employment rights.
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Old 7th Nov 2017, 08:50
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Originally Posted by sellbydate
Some intelligent commentary on the matter from Corporate Jet Investor:

https://corporatejetinvestor.com/art...panorama-icij/
Sellbydate
Many thanks for posting that link - as you say an intelligent commentary that should be read by anyone who wishes to understand the true facts.
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Old 12th Nov 2017, 09:38
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Originally Posted by snchater
Sellbydate
Many thanks for posting that link - as you say an intelligent commentary that should be read by anyone who wishes to understand the true facts.
There ya go.......excluding Panorama journalists, politicians and a whole host of others from the discussion.....!!!
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