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!

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.

Bit more story
 

Some intelligent commentary on the matter from Corporate Jet Investor:

https://corporatejetinvestor.com/art...panorama-icij/

"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.

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.....!!!