[llama66]

Then your vessel has to comply with Canadian safety regs

[Thanos]

Here's a new regulation worth considering. Anyone rich isn't allowed to have children. That way the rest of society is spared from stories like this, where some chinless little dauphin raised in a climate of total affluenza by his/her garbage parents whines about something that is completely and utterly meaningless to anyone outside their verminous demographic.

[Prof_Chomsky]

BartSimpson BartSimpson:

peck420 peck420:

BartSimpson BartSimpson:

Peck,

A ship built in Italy does not get directly taxed by Italy unless it is sold in Italy. For ships and cars the point of sale is where the taxation occurs.

So a Canadian who buys and registers an Italian-made yacht in Panama pays only the applicable Panamanian fees.

He does not pay Italian or Canadian taxes.

Incorrect. There is no yacht, that I am aware of, that can be had under Canadian duty limits. Sorry, you will be paying at some point.

If a Canadian buys an Italian yacht and registers it in Panama and never home ports it in Canada then Canada has exactly no claims on that yacht under international law.

Why is this such a hard thing for you to grasp?

Genius,
You're wrong. Just suck it up. Peck has his facts straight. Even your 45 day clause makes 0 sense. What rich dude is going to spend a metric fuckton of cash to have his yacht sailed to Canada for 45 days of use, then back to backward nowhere for the rest of the year? That would not only cost them more than whatever imaginary tax they save on, but also extreme wear and tear on their precious toy.

ALSO, your ENTIRE statement was that the luxury tax on Yachts killed the Yacht industry in the countries that have that tax... but even your own logic doesn't hold true here. Assume you are right (you're not), and somehow they can magically dodge paying taxes in whatever country they own the ship. Build the yacht in California, register it in Panama.

And when it comes to cars, you are so blatantly obviously wrong it's almost comical. It takes a big man to admit when he's wrong. So start growing.

[Prof_Chomsky]

Thanos Thanos:

Here's a new regulation worth considering. Anyone rich isn't allowed to have children. That way the rest of society is spared from stories like this, where some chinless little dauphin raised in a climate of total affluenza by his/her garbage parents whines about something that is completely and utterly meaningless to anyone outside their verminous demographic.

Just bring back the same estate tax the Founding Fathers favoured. Take, what was it, 90% of all inheritance over several million dollars (unless it's a small family owned business). Problem solved. The reason the Founding Fathers recognized this was a necessity was without that tax, you get into a situation of super rich dynasties almost like royalty, that have WAY too much political influence.... Whoa, wait just a second. The Founding Fathers were clearly witches cause they called that one.

[bootlegga]

Prof_Chomsky Prof_Chomsky:

Genius,
You're wrong. Just suck it up. Peck has his facts straight. Even your 45 day clause makes 0 sense. What rich dude is going to spend a metric fuckton of cash to have his yacht sailed to Canada for 45 days of use, then back to backward nowhere for the rest of the year? That would not only cost them more than whatever imaginary tax they save on, but also extreme wear and tear on their precious toy.

Actually, that's not entirely true.

A Brit I met while working in Japan worked for years on yachts owned by wealthy Europeans, and that's kind of what they did.

They ported the yacht somewhere in Croatia and showed up a weekend or two a month to sail around the Adriatic, then returned back to Croatia and flew home. Once and a while, they'd get a call saying, "Be in Italy/Spain/Greece/etc. on the 15th" and the crew would pack up and sail there and wait for the owners to show up. Then after sailing the owners wherever they wanted, they'd sail back to Croatia and wait for the next call.

It was a pretty sweet gig, he (and a couple other sailors) worked a few hours a day (unless the owners were onboard), got free meals cooked by a high end chef, had a room on the yacht, AND got paid a couple thousand Euros a month.

He told me the owners didn't seem to care about the costs of all of it because they had literally billions of Euros in the bank. I'm sure someone who wasn't filthy rich would care about those sorts of costs, but given that the conversation has drifted to luxury yachts, I don't think we're talking about the average millionaire, we're talking dotcom/finance people with billions in the bank.

[BartSimpson]

Prof_Chomsky Prof_Chomsky:

BartSimpson BartSimpson:

If a Canadian buys an Italian yacht and registers it in Panama and never home ports it in Canada then Canada has exactly no claims on that yacht under international law.

Why is this such a hard thing for you to grasp?

Genius,
You're wrong. Just suck it up. Peck has his facts straight. Even your 45 day clause makes 0 sense. What rich dude is going to spend a metric fuckton of cash to have his yacht sailed to Canada for 45 days of use, then back to backward nowhere for the rest of the year? That would not only cost them more than whatever imaginary tax they save on, but also extreme wear and tear on their precious toy.

ALSO, your ENTIRE statement was that the luxury tax on Yachts killed the Yacht industry in the countries that have that tax... but even your own logic doesn't hold true here. Assume you are right (you're not), and somehow they can magically dodge paying taxes in whatever country they own the ship. Build the yacht in California, register it in Panama.

And when it comes to cars, you are so blatantly obviously wrong it's almost comical. It takes a big man to admit when he's wrong. So start growing.

I'm right. You're wrong. Fuck you.

https://www.nytimes.com/2012/04/19/busi ... -port.html

https://boattax.com/avoid-boat-taxes/

https://www.lowtax.net/features/Ship-an ... 70875.html

https://www.newsweek.com/betsy-devos-ca ... ca-1061960

https://www.cbc.ca/news/business/paradi ... -1.4382446

https://www.nomoretax.eu/living-in-inte ... out-taxes/

[Prof_Chomsky]

BartSimpson BartSimpson:

Prof_Chomsky Prof_Chomsky:

BartSimpson BartSimpson:

If a Canadian buys an Italian yacht and registers it in Panama and never home ports it in Canada then Canada has exactly no claims on that yacht under international law.

Why is this such a hard thing for you to grasp?

Genius,
You're wrong. Just suck it up. Peck has his facts straight. Even your 45 day clause makes 0 sense. What rich dude is going to spend a metric fuckton of cash to have his yacht sailed to Canada for 45 days of use, then back to backward nowhere for the rest of the year? That would not only cost them more than whatever imaginary tax they save on, but also extreme wear and tear on their precious toy.

ALSO, your ENTIRE statement was that the luxury tax on Yachts killed the Yacht industry in the countries that have that tax... but even your own logic doesn't hold true here. Assume you are right (you're not), and somehow they can magically dodge paying taxes in whatever country they own the ship. Build the yacht in California, register it in Panama.

And when it comes to cars, you are so blatantly obviously wrong it's almost comical. It takes a big man to admit when he's wrong. So start growing.

I'm right. You're wrong. Fuck you.

https://www.nytimes.com/2012/04/19/busi ... -port.html

https://boattax.com/avoid-boat-taxes/

https://www.lowtax.net/features/Ship-an ... 70875.html

https://www.newsweek.com/betsy-devos-ca ... ca-1061960

https://www.cbc.ca/news/business/paradi ... -1.4382446

https://www.nomoretax.eu/living-in-inte ... out-taxes/

Holy shit, read your own articles.
The entire debate here has been that taxes have destroyed the domestic luxury car and yacht markets. Everyone of those articles has rich people buying yachts from the SAME companies, and just finding creative ways around the tax. A quick google search proves the top yacht producers are ALL located in 1st world western nations with that tax. How does this put the yacht companies out of business!?!? They are still selling the same yachts! Even if some rich guy avoids paying the extra tax, they are still buying the yacht from the same domestic company!

*edit* almost forgot genius... you sure seem to have dropped the whole "taxes killed the domestic luxury car market" bullshit... when you're wrong, I guess you just change the subject right?

[Thanos]

Pretty sure it was simple fashion and trendiness that destroyed the North American luxury car market. And that happened as far back as the 1980's when BMW's first became the main choice of vehicle for yuppies. Except for a generation of old people, who are now mostly gone, whose main retirement dream was buying one of those kind of cars no one else at all were buying the big Chryslers, Lincolns, or Mercurys anymore, which led to the shutting down of almost all of those product lines. Cadillac held out longer thanks to the Escalade SUVs being popular among pro athletes and gangsta rappers but that was about it. The kind of stronks flush with cash had shifted entirely to BMWs, Mercedes, Audis, and the higher-end Japanese vehicles like Lexus' and Infinitis.

Going by the endless sales and rebates on North American cars, most of which are now also disappearing due to their inability to compete in terms of quality and fuel economy with Japanese and Korean models, it certainly wasn't excessive taxation that killed them off. It was just lack of interest from the buying public because purchasing a North American vehicle that isn't a truck, a crossover, or a full-size SUV just isn't cool anymore. Dodge is holding out thanks to their aggressive marketing of aggressive vehicles to meatheads who love to speed in playground zones and get off on tailgating other drivers to death, but who knows how long that will last if fuel costs get too high as time passes. Other than that "I just bought a new Ford Taurus!" sure isn't something most folks trumpet out too loudly these days.

[DrCaleb]

Thanos Thanos:

Pretty sure it was simple fashion and trendiness that destroyed the North American luxury car market.

No, it was quality. I've had my share of Crown Vics, Grand Marquis (De Sade) and Lincoln Town cars. They used to be very different brands, with different options. But they ended up rolling off the same production lines as cop cars and Taxis (St. Thomas Assembly Plant). And the quality showed. Don't get me wrong, they were all good cars. But the fit and finish of a Lincoln Town Car wasn't that much different that the Yellow Cab that rolled off the same line. They were all 'parts bin' cars that shared power trains, interior parts, seats and bodies that didn't distinguish them from any other car in the factory except by paint choices and badges.

Last time I was in a dealership, there was a Lincoln MKX there for about the same price as a Focus RS, and had nearly the same AWD 2l turbo powertrain. Why buy the Lincoln?

The only thing Cadillac had going for it for a while was they were putting the same V-8 engines as the Corvette in some models. Now they are putting a similar 2l Turbo 4cyl engine as a Lincoln.

North American cars simply don't measure up to something like a BMW M3, M5 or a Mercedes AMG SL series.

[stratos]

Thanos Thanos:

Pretty sure it was simple fashion and trendiness that destroyed the North American luxury car market. And that happened as far back as the 1980's when BMW's first became the main choice of vehicle for yuppies. Except for a generation of old people, who are now mostly gone, whose main retirement dream was buying one of those kind of cars no one else at all were buying the big Chryslers, Lincolns, or Mercurys anymore, which led to the shutting down of almost all of those product lines. Cadillac held out longer thanks to the Escalade SUVs being popular among pro athletes and gangsta rappers but that was about it. The kind of stronks flush with cash had shifted entirely to BMWs, Mercedes, Audis, and the higher-end Japanese vehicles like Lexus' and Infinitis.

Going by the endless sales and rebates on North American cars, most of which are now also disappearing due to their inability to compete in terms of quality and fuel economy with Japanese and Korean models, it certainly wasn't excessive taxation that killed them off. It was just lack of interest from the buying public because purchasing a North American vehicle that isn't a truck, a crossover, or a full-size SUV just isn't cool anymore. Dodge is holding out thanks to their aggressive marketing of aggressive vehicles to meatheads who love to speed in playground zones and get off on tailgating other drivers to death, but who knows how long that will last if fuel costs get too high as time passes. Other than that "I just bought a new Ford Taurus!" sure isn't something most folks trumpet out too loudly these days.

You hit on one of the key factors. Some others were the gas shortage of the 70's. Foreign cars vs Domestic in quality no longer had the huge gap. Fuel conserving cars were yet to come when it dealt with American brands. The few American cars at the time that were fuel conserving relay sucked and were an eye sore compared to foreign cars.