Abramovich allegedly dodged tax payments through superyacht scheme
January 30 – Former Chelsea supremo Roman Abramovich allegedly dodged paying millions in taxes to British authorities through an elaborate fictitious superyacht hiring scheme.
According to a joint investigation by the BBC, the Bureau of Investigative Journalism and others, the Russian oligarch avoided paying by effectively renting out his superyachts to himself.
Leaked files reveal Abramovich allegedly used a network of offshore companies to evade paying VAT on the purchase and maintenance of five luxury vessels registered as commercial vehicles and worth roughly $1.2 billion.
The post Abramovich allegedly dodged tax payments through superyacht scheme appeared first on Inside World Football.