Fuji
This is nothing to do with Trusts and trust law. It is nothing to do with tax law. The issue is not arcane. It is a simple question of who is the Operator of the aircraft (who is making the decisions about where and when it flies)?
The US entity doesn't have to be a Trust or a Company, it could be your Aunt Betty who lives in Tampa.
The point is if Aunt Betty (or the Trust) is the operator, then they tell you when to fly the plane and where. What is the point of that?
If you decide, you are the operator.
If you attempt to mask the latter with the former, any such sham, however elaborate, would be totally vulnerable. Why not just forge your EASA paperwork?
brgds
421C
dont misunderstand me, you could well be correct, I am playing devil's advocate.
I absolutely take this discussion in that spirit. If I am being emphatic, it's because I feely strongly that other readers shouldn't be deluded by this "potential loophole". I think it's a very dead end.