View Single Post
Old 6th Nov 2017, 21:05
  #43 (permalink)  
SMT Member
Join Date: May 2008
Location: Europe
Age: 42
Posts: 606
There's a clause in the VAT refund rules, stating the owner of the aircraft must be a 'real' company/operator. The company owing Lewis' jet consist of a mailbox address it shares with a few thousand other companies, and has zero employees. The IOM doesn't care to enforce that particular rule, allowing for millions of dollars of VAT refunds paid by various EU countries. In other words, the common EU citizen are helping rich people getting their private jets cheaper. Might not be legally wrong, but morally it stinks to high heaven.
SMT Member is offline