Amid a wave of sanctions against President Vladimir Putin’s allies, complex networks of offshore companies are making for choppy waters for authorities looking to confiscate high value assets.
Paradise Papers reveal how billionaire Andrei Skoch financed the acquisition of luxury assets including a yacht now targeted by U.S. sanctions, while offshore law firm Appleby disregarded his alleged ties to Russian criminal groups.
Leaked documents expose the enablers who made it possible for the Rotenberg brothers, Gennady Timchenko, Alexander Ponomarenko and executives at Russian gas company Gazprom to live large.
The European Commission is taking action against three EU member states for failing to collect sufficient value added tax (VAT) on yachts.
Buying a $27-million private jet or plush mega-yacht means millions in sales taxes — unless you know the right pro.