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Blue Ocean drowns taxes: company linked to Russian oligarch Abramovich avoided paying €14 million through legal loopholes
Authorities referenced legal limitations and registration procedures in their explanations during a Parliamentary session.
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"Blue Ocean” disappears: Russian oligarch Abramovich’s firm dodged millions in taxes through fake yacht rentals
The disclosure in Parliament on Thursday came after a journalistic investigation into a fraudulent superyacht-leasing business, which was allegedly established to evade paying taxes.
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Russian oligarch Roman Abramovich organized a multi-billion-dollar fake superyacht business to evade taxes
People working for Abramovich designed a corporate structure to give the false impression that the billionaire’s yachts were being commercially chartered to third parties, and therefore eligible for tax breaks.
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