The Billionaires Thread

[Tyrannical]

Why is Musk meddling in British politics?

He bought Twitter to Troll, it's just that since he's bff with Trump that people pay attention to everything he tweet-trolls.

[Brian Peacock]

Roman Abramovich dodged taxes on cost of running his fleet of superyachts

When it came to his fleet of superyachts, the Russian oligarch Roman Abramovich was nothing if not generous.

As 2011 drew to a close, his biggest boat yet – the 162-metre (533ft) Eclipse – lay moored in the glittering waters of St Barts, the picturesque Caribbean island where billionaires like to gather to see in the new year.

Then the largest pleasure cruiser in the world, insured for €390m (£330m), the ship was all set to welcome guests for Abramovich’s own VIP celebration.

Perhaps arriving via one of the yacht’s two helipads, they could cool their toes in the onboard swimming pools, unwind in the whirlpool, or take in a film in the private cinema before heading to the disco lounge.

offshore financial industry.

The files show how offshore companies were used to create a fiction: that five of Abramovich’s superyachts were being hired out to customers for commercial purposes.

This allowed the boats’ operating companies to avoid paying VAT on a long list of expenses, such as the $2m-a-tank cost of refuelling the Eclipse. The files suggest VAT may have been due in Italy, Cyprus and a number of other EU countries...

[Brian Peacock]

Roman Abramovich may owe HMRC £1bn for unpaid taxes, analysis shows.

[pErvinalia]

Haven't we sanctioned all his foreign funds anyway?

[pErvinalia]

Just sell off one of his yacht's that we've confiscated

[Brian Peacock]

He's nothing special I guess. Just an example of how the other half wilfully dodge the taxman while agitating to have govts reduce their tax obligations.