Boat hull, superstructure made in China( ? ). Check.
Finished in New Zealand( maybe ). Check.
Bought by the trust fund ‘investment’. Maybe. Check.
No Sales Tax. Check.
No yearly local tax. Check.
Expenses, crew, fuel, dock, maintenance ALL dumped in ‘Charter Account’. Check. ( Not like you little personal car owners who only get a bit taken off. Suckers ).
Use the boat, fuel, crew, food, booze, dockage for personal fun. Check.
Take losses and apply to earnings, thus lower taxes. Check.
“Boat hull, superstructure made in China( ? ). Check.
Finished in New Zealand( maybe ). Check”
Not far from the truth. The Obama years have brought on the near destruction of a once dominant and thriving marine industry in the USA. Many manufacturers have shut their plants down and the brokerage business is near dormant. Many boats between 50-100’ are now built in Asia.