What the deal with this?

[TheSpecialist]

Ok I was in the doctors office waiting to get called. I was reading through a Yachting mag looking at the ships and dreaming, when I noticed most if not all had this stipulation *Not for sale to US Residents while in US waters what gives? Some of these boat or ships are located in Florida, and they are all asking price in US dollars, sounds like some sort of scam to screw the government to me....

Here is an example...

Westport Brokerage


Look under accommodations.

[thefishingfreak]

probly made in Cuban sweatshops with giant redwood lumber and sealskin

[zacs]

large yachts will be owned by foreign shell companies and will fly that country's flag. BVI, Caymans, etc.

then then don't have to comply to all of the same rules we have, like hiring only american crew, safefty inspections, etc..

But I think that there are huge duties they have to pay if they sell to a US company/citizen.

That is my best guess.

[likwid]

Originally Posted by zacs

large yachts will be owned by foreign shell companies and will fly that country's flag. BVI, Caymans, etc.

then then don't have to comply to all of the same rules we have, like hiring only american crew, safefty inspections, etc..

But I think that there are huge duties they have to pay if they sell to a US company/citizen.

That is my best guess.

They can sell to a US citizen, just in a non-US location.
Avoids taxes etc.

[NEXT2NUN]

last time i was in Ft Lauderdale most of the yachts had SA for their port not USA. Thats how the rich folks beat paying luxury tax. Just ask Sen Kerry he can explain it to you. You know they want to eleminate mortgage interest and real estate tax as tax deductions so they wont have to raise taxes on the rich. We need a tax revolution.

[likwid]

Originally Posted by NEXT2NUN

Thats how the rich folks beat paying luxury tax. Just ask Sen Kerry he can explain it to you.

Kerry's yacht is US flagged, registered in RI. Huge difference here.

John Henry's yacht isn't US flagged.

[fishbones]

Originally Posted by likwid

Kerry's yacht is US flagged, registered in RI. Huge difference here.

Yeah, Kerry only saved about half a million in sales tax by registering it in RI and also doesn't pay any yearly excise tax by keeping it there.

[Typhoon]

I saw a big one from Bikini island up in Maine the other day.

Does that mean they must constantly declare to customs when they arrive to port?

I want to have this problem some day.

http://www.register-iri.com/index.cf...n=page&page=83

[zacs]

Originally Posted by Typhoon

I saw a big one from Bikini island up in Maine the other day.

Does that mean they must constantly declare to customs when they arrive to port?

I want to have this problem some day.

I belive they can get some sort of a cruising pass once they are inside US waters so they don't have to continuously clear in every port of call.

[NEXT2NUN]

Originally Posted by fishbones

Yeah, Kerry only saved about half a million in sales tax by registering it in RI and also doesn't pay any yearly excise tax by keeping it there.

Thanks Fishbones. Point I wastrying to make is that their not paying their fair share

[likwid]

Originally Posted by NEXT2NUN

Thanks Fishbones. Point I wastrying to make is that their not paying their fair share

Hit New England Boatworks, the old Hood yard next door, both in Portsmouth and Newport Shipyard.

Nobody is paying their "fair share".

[NEXT2NUN]

yep welcome to America efem all but six

[likwid]

Originally Posted by NEXT2NUN

yep welcome to America efem all but six

RI being a "tax haven" for yachts has saved the industry down there.
efem all?
Nah, just people not involved in yachts/race boats.

And Kerry did cut a check for a cool half mil to the state of MA after all the whining.

But thats not very interesting is it?

[NEXT2NUN]

and if no one whined he would have not paid #^&#^&#^&#^&. sounds like your on his boat anyway so have a nice ride

[likwid]

Originally Posted by NEXT2NUN

and if no one whined he would have not paid #^&#^&#^&#^&. sounds like your on his boat anyway so have a nice ride

State of MA would get way more money going after John Henry for his foreign flagged beast.
Where's the whining there?

Nah, not on Kerry's boat, not fast enough.

[NEXT2NUN]

john henry's boat | Flickr - Photo Sharing!
your correct another SA peckerhead. Thats just another reason why Franconia quit haha

[ivanputski]

Screw Kerry and his banana-boat face..

[likwid]

Originally Posted by NEXT2NUN

your correct another SA peckerhead.

Georgetown is in the Carribean.
Caymans to be exact.

[NEXT2NUN]

Georgetown, Ascension Island - Wikipedia, the free encyclopedia I thought it was South Africa maybe you should have been one of my school teachers