Quote:
Originally Posted by chillibowl
so question about the VAT...in Canada our federal sales tax (GST) is a refundable tax for business. essentially, a business collects GST on its sales, then deducts the GST they pay out on business related expenses/supplies/inputs and remits the difference to our tax authority.
wondering if VAT works the same way.
if it does, then isnt this is simply just a matter of business use vs personal use property as opposed to the concept of hiding money/tax avoidance?
this for me.
given the nature of his career, sponsor commitments, personal appearances under the guise of promoting his 'brand' etc, i would think it would be fairly easy for LH (and a half way decent tax specialist) to make a very strong case that all his travel is business related.
and im sure he has the invoices to prove it!  |
The question isn't whether his use of the jet is personal or business. The financial transaction was carried out by an IOM-registered company, who then allow Hamilton to use the jet. Imagine it like a taxi or limo company, who provide a car and driver for only one client. In this case it is a jet, pilot and crew being provided.