| Royal Denship | 70M ex. 63M | "Force Blue" | 2002/09/22 |

Hi,

It's actually called Force Blue so it has the same initials as the Owner.

The trick of commercially registering to avoid tax and duty on goods and services is an old one, the authorities in countries that border the Med are supposedly tightening up on this "scam".

If they are commercially registered there should be a charter contract in force when any of them are onboard using the boat. The boarding party can and will ask who the charter principal is in person.

The authorities have the power to search the boat and seize any undeclared items not limited to but including cash.

One of my clients keeps his 70+m yacht privately registered just so he can remain a very private person.

This means he pays VAT and Duty on everything including fuel bought or used by the boat while it is in the Med.

never could understand people who bought multi-millon dollar boats and then cheat on taxes to save money..........when i strike it rich in the wall street stock market,my mega yacht will have New York, N Y on the transom, not cayman or panama...

Why not Stuart,Fl?

don't want to bother a potentially scandalous topic, but I actually understand them perfectly and can even explain. Not everyone get rich by some tricky stock scheme - some actually work for it. And those people get rich by learning to control their spendings as well as their income.
The moment your taxes start amounting to millions in itself, some ask themselves a simple question of "why". While there is a rich vein of rhetorics for it ("giving back to your country" and stuff), matter of fact is, the government is not the country. I know, well, pretty serious guys who establish and manage their own charity operations for the "giving" part, yet would squeeze off every dime to be given to some bureaucrats to fly first class, buy too-big-to-fall bankrupts out, procur nails for army at $10 000 each and many other ways to "redistribute" government budget. And it somehow makes perfect sense to me.

It's not that FB isn't a jerk, but hey, give the guy a break, he's been banged pretty hard for the last year already.

Blue Force

Oh well, lets yell at at a politician who has an AF jet take him on a site seeing trip over NY and scare the hell out of people at the peoples expense and then complains at the excesses of the stock market types......I love the double standard of the politicos, they are so obvious in their wanton disregard for other peoples money and yet amazed at the peoples disgust. One day they may realize that the economy functions better when the people spend the money and not the politicians, I see the UK is worried about Government cutbacks, their GDP is 25% of Government spending , no wonder they are in such a mess. Sure does not help the boating industry as we are looked on as a source of tax revenue for the wasters to spend.

politicans are like parasites you feed them untill they no longer produce then you get rid of them and train a new one , it's much better to own the wright ones than be one

KEVIN
in raceing if there is no ruel aginst it , it is not cheating , its just being inovative

on the move travler

Just read the thread, really interesting. Having followed F1, who can forget Alonzo's early days with Flavio.

https://www.dailymail.co.uk/tvshowb...-Milan-hotel-wheelchair-amid-op-recovery.html

https://www.essentiallysports.com/f...a-re-union-with-fernando-alonso-at-alpine-f1/

Now for sale with Fraser and Burgess asking 29.500.000€. She will also be available for viewings at MYS.