Sep

19

Some of the largest wooden vessels ever built were designed as throwaways. These "disposable ships" were built in Canada to be sailed to Britain where they would be broken apart so their timber could be sold. Cargos of oak and pine were subject to an import duty of 275% of market value. There was no import duty collected on ship hulls and superstuctures.

Any comparison of these tax dodges with the current popularity of disposing of U.S. incorporation is clearly subversive. No patriotic American would ever do anything legal to avoid the tax on foreign earnings being landed on American shores.


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search