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Search results for "corporate yachts" ...
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Floating Loopholes
This investigation exposes the various loopholes that allow yacht-owners to lower or avoid the taxes they incur by buying luxury boats. Some of the ways people avoid taxes are declaring their yachts as a second home, using charter arrangements and buying yachts offshore to avoid state sales tax.
Tags: boating; water sports; leisure; tax breaks; corporate yachts; ocean; property; coast guard