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Considering the Florida Dept of Revenues new and aggressive approach to ‘piercing the corporate shield’ I feel it merits reviving this thread.
The head of the DOR’s South Florida region , Don Bidner, has given the marching orders to his employees to seek Florida land owners with foreign flagged boats berthed in Florida waters. (Topic at an FYBA law seminar)
Naturally if you have a Cayman Company owning the boat behind your Florida home, it is still near impossible to get to the ‘true’ owner. The best guess is the DOR will be going after the crews pay check stubs as proof of the source of ownership. For what it is worth..if you live in Fla, and play in Fla, and drive and use our schools… You should pay to stay.
Now, I do believe the State of Fla could generate a lot more revenue if they would Cap the 6% to be competitive with the other taxable jurisdictions that have their hands out collecting $9K to $15K to lend boat owners their countries name for port of call on a transom.
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