US EditionAbramovich dodged millions in taxes with a superyachts-for-hire scheme, investigation reveals
- Roman Abramovich allegedly evaded millions in taxes through a superyachts-for-hire scheme, as revealed by an investigation by the BBC and the Bureau of Investigative Journalism.
- The scheme misrepresented Abramovich's yachts as a commercial operation to avoid paying VAT on their costs, according to leaked files from Meritservus.
- Tax expert Tommaso Di Tanno stated, 'There has been tax evasion,' highlighting the artificial structure used to evade taxes.
- Abramovich's lawyers denied any knowledge of tax evasion, claiming he acted in accordance with expert advice.
38 Articles
38 Articles
Abramovich, BBC and Guardian investigation: “He evaded millions in taxes by pretending to rent his yachts”
The partners of the Bureau of Investigative Journalism have drawn on “Cyprus Confindential” data, which have uncovered the dark side of money transfers on the island, to understand how the tycoon managed to circumvent the tax authorities. Also in Italy. And the BBC talks about a possible additional billion pounds due to the treasury for Chelsea
How Roman Abramovich avoided paying tens of millions of dollars in taxes on his fleet of superyachts
An investigation by The Guardian, BBC, Bureau of Investigative Journalism, Der Spiegel and ZDF has revealed how an offshore scheme helped companies owned by Russian oligarch Roman Abramovich avoid tens of millions of dollars in taxes. The details were revealed in the Cyprus Confidential documents, the biggest leak of information from the Mediterranean island's offshore financial industry.
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