Roman Abramovich Dodged Millions in Tax with Superyachts-for-Hire Scheme

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Roman Abramovich, the Russian billionaire and former owner of Chelsea Football Club, has been accused of dodging millions of dollars in tax through a complex scheme involving his luxury superyachts. According to reports, Abramovich used his superyachts as "floating apartments" and rented them out to wealthy individuals and corporations, thereby avoiding paying taxes on the vessels.

The scheme, which was uncovered by a team of investigative journalists, involved Abramovich's company, Abramovich Enterprises Limited, which is registered in the British Virgin Islands. The company owned several luxury superyachts, including the 536-foot Eclipse, which is one of the largest and most expensive private yachts in the world.

Abramovich would rent out his superyachts to wealthy clients, who would pay millions of dollars to use the vessels for luxury vacations and corporate events. However, instead of paying taxes on the rental income, Abramovich would use a complex web of offshore companies and trusts to conceal the true ownership of the yachts and avoid paying taxes.

According to estimates, Abramovich's superyacht rental scheme allowed him to avoid paying tens of millions of dollars in taxes over the years. The exact amount of tax avoided is difficult to determine, but it is believed to be substantial.

The revelations about Abramovich's tax avoidance scheme have sparked outrage and calls for greater transparency and accountability from wealthy individuals and corporations. The use of offshore companies and trusts to avoid paying taxes is a widespread problem that costs governments around the world billions of dollars in lost revenue each year.

Abramovich's representatives have denied any wrongdoing, claiming that the billionaire's tax affairs are in order and that he has complied with all applicable tax laws and regulations. However, the revelations about his superyacht rental scheme have raised serious questions about the ethics and legality of his tax avoidance strategies.

The controversy surrounding Abramovich's tax affairs is the latest in a series of scandals involving wealthy individuals and corporations using offshore companies and trusts to avoid paying taxes. The issue has become a major concern for governments around the world, which are

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