Zuckerberg Dodging Taxes by Not Flying US Flag on New Superyacht? | SY News Ep319

I knew their were more reasons to me not owning a US flagged super yacht then just the price.

Nobody wants to flag their boat or ship in the U.S. unless they have to.

good to see zuck doing his part for climate change 😂

A US billionaire dodging Taxes? Nooooo way man!

1. Everyone hates paying taxes. 2. Those who push more government spending the most, try the hardest to avoid paying taxes. 3. Rich people often don't pay their bills.

Sweet video mate thanks again

Avoiding yacht taxes ….see MA Senator John Kerry who moored his 75ft, $4M sailboat in Rhode Island to avoid more than $400K sales tax if it was in MA. Rhode Island had repealed its boat sales tax in early ‘90s, this becoming bit of a haven for selling yachts. He and wife Teresa Heinz (the $800+M ketchup heir) eventually moved it to MA and paid the tax. JK, Charleston

Thanks again for updated Ships my friend..... A very old F-4 Shoe🇺🇸

People will register a $1000 trailer in another state, in order to save money on taxes. It's why you see "Maine" tags on half the trailers on the east coast of the USA. What makes people think that millionaires and billionaires won't take advantage of similar shelters, when tens or hundreds of millions of dollars is on the line?

Headline: Rich people look for every way to avoid paying taxes! Insert your favorite rich person and it works.

i would do the same exact thing. every loop hole. not a single affluent person IN THE WORLD says "hey government plz take as much of my money in taxes as you possibly can.

exactly - if I had a fleet of super-yachts would do the same - not something have to worry about but good to know // excellent ''irony'' delivery video spot on tick ----- //

Thank you for sharing soo much about the yachting scene. Wow, so. having a American owner of a super yacht with that large hard to have the US flag flying. Now I start to see why people have other flags flying from their yachts.😊

3:45 Wouldn't carrying cargo between two places in the US be illegal in a foreign flagged yacht? I thought there were rules on specifically that aspect of moving cargo between places in the US

The picture of Aviva in the port of Port Of Spain in Trinidad is not a recent picture. Not sure if this was an archived picture. Reason being is that the 4 smoke stacks in the background was "felled" some 3 months ago.

I love the shirt!! hows the RS?

Even with an American flagged yacht, taxes can be minimized by selecting certain states to home-port the vessel. Rhode Island doesn't charge any sales or use tax on boats whatsoever. Several other states have maximums such as Florida, set at $18,000. So it's really not a tax issue at all. In states where there is sales tax, an American flagged vessel merely performs an "offshore closing" and stays out of U.S. and state waters for some duration of time after the sale, usually one year. The real pain of a U.S. flag is the construction, inspection and crewing costs, along with the use restrictions. I'm not certain if federal import duty is charged when a U.S. flagged vessel is first brought into U.S. waters.

As an Antiguan/Guernseyman I was running an American flagged fishing boat out of Venezuela. ALL Navies told me to sod-off, just too much paperwork.

The only taxes you would pay on a yacht in the U.S. would be if you were chartering the yacht or selling it in the U.S. (that would be subject to income tax) This is what U.S. Homeland Security said. A foreign flagged yacht would only be subject to a VAT tax if it remains in Florida waters for a specified period and/or goes from one Florida port to another Florida port without leaving Florida waters. Homeland Security has a publication that explains this. You would not owe the U.S. government a VAT Tax. Only Florida charges a VAT tax. Also the U.S. State Department said the only time they would recommend flagging the yacht with a U.S. Flag is if you are just going to use the yacht in U.S. territorial waters or close, like the Bahamas and the Virgin Islands. For a yacht that is going to sail worldwide, the State department suggested that flagging the vessel with a U.S. flag may be painting a target on the vessel.

Where can we get the captain's footage of the yacht