Pilot Mercedes Lewis Hamilton became embroiled in a scandal over offshore companies under the name of “the Paradise Papers”, reports the BBC.
November 5 in the leaked documents about the status of money accounts in the offshore world’s richest people. Mentioned in this list and four-time world champion.
The documents reflected that Hamilton has avoided paying taxes for the purchase of private aircraft in the amount of 3.3 million pounds.
At the end of 2012 Lewis purchased a Bombardier Challenger CL605 through your own offshore company Stealth Aviation Limited, registered in the British virgin Islands for 16.5 million pounds.
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The company paid a plane leasing to another company, Hamilton, was on the Isle of man. After that, aerial vehicles given in leasing management firm in the UK, which, in turn, sent the plane another offshore company Lewis “BRV Limited”, registered in Guernsey.
Through these actions, Hamilton received refinancing in the amount of 3.3 million pounds.
However, the document States that Lewis used the plane in 66% of cases, the business objectives, and in 33% of cases it was the use of aerial vehicles for personal purposes. Usually refinancing in such cases is allowed against customers that use the aircraft only in business, but not attributable to the owner of the aircraft, using the tool for personal benefit.
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