Romney's party yacht has a Cayman Islands flag

Chris

Gold Member
May 30, 2008
23,154
1,967
205
abc_caymans_flag_kb_120829_wg.jpg


http://a.abcnews.com/images/Blotter/abc_caymans_flag_kb_120829_wg.jpg
 
Horrific.
Is it parked next to John Kerry's (Mass.) in Rhode Island, you assfucking little beaaaaaaatch?
 
You would think that this would have died when the Yacht isn't Romney's, he wasn't there and the flag is the flag of Jamaica.
 
Gov. Mitt Romney's campaign toasted its top donors Wednesday aboard a 150-foot yacht flying the flag of the Cayman Islands.

The floating party, hosted by a Florida developer on his yacht "Cracker Bay," was one of a dozen exclusive events meant to nurture those who have raised more than $1 million for Romney's bid.

"I think it's ironic they do this aboard a yacht that doesn't even pay its taxes," said a woman who lives aboard a much smaller boat moored at the St. Petersburg Municipal Marina.

Romney Party Yacht Flies Cayman Islands Flag - ABC News
 
Why so few American megayachts fly the American flag.


The answer is significantly less nefarious. The reason otherwise red-blooded American yachts fly non-American flags has little to do with political sentiment, and a whole lot to do with tax and employment laws, strict United States Coast Guard regulations, and plain old supply and demand.


Compared to any number of other popular flag states such as the Caymans, The Bahamas, or the Marshall Islands, the United States is a fairly difficult place to register a large yacht. A main reason for this is that all U.S.-registered yachts must be staffed by American citizens who have undergone rigorous training to obtain USCG certification. From a tax perspective, the U.S. government views an American working as a deckhand on a U.S.-flagged megayacht cruising off of St. Tropez no differently than it views an insurance salesman plying his trade in Topeka—that is to say, a yacht flying the American flag is, essentially, U.S. soil no matter where she is located. The financial consequences of this view can be major for owners who choose to register in America because they are constrained to account for U.S. taxes when paying the crewmember. With social security and unemployment taxes what they are, this often means paying an American crewmember twice as much as say, an equally qualified Australian who is exempt from U.S. taxes but who the owner could only hire were his boat registered in a more lenient, foreign-flag state.


The Cost of American Megayacht Ownership
 
Gov. Mitt Romney's campaign toasted its top donors Wednesday aboard a 150-foot yacht flying the flag of the Cayman Islands.

The floating party, hosted by a Florida developer on his yacht "Cracker Bay," was one of a dozen exclusive events meant to nurture those who have raised more than $1 million for Romney's bid.

"I think it's ironic they do this aboard a yacht that doesn't even pay its taxes," said a woman who lives aboard a much smaller boat moored at the St. Petersburg Municipal Marina.

Romney Party Yacht Flies Cayman Islands Flag - ABC News


".....said a woman who lives aboard a much smaller boat..."


Educate yourself before making an ass of yourself trying to make it look like something nefarious.

Go back and play with your Crayons and coloring books.
 
Steve Wynn invests in China. Eduardo Savrin invests in Singapore. Good investors seldom invest in a company they know is failing. If we want investment in the US it will have to stop being a failing country. That means obama has to go.
 

Forum List

Back
Top