for the Mods - This is not a political post You see, Detwiler did what many wealthy car aficionados have been doing for years — form a Montana LLC and purchase the car through their new shell company. Montana has become sort of a Cayman Islands ta...
for the Mods - This is not a political post You see, Detwiler did what many wealthy car aficionados have been doing for years — form a Montana LLC and purchase the car through their new shell company. Montana has become sort of a Cayman Islands tax shelter for car collectors because it levies no general sales tax, and lawmakers created rules to allow tax-free vehicle purchases by LLCs. Thus, Detwiler avoided paying Tennessee sales taxes on his Ferrari. After paying a small registration fee, out-of-state owners are sent Montana license plates for what is now considered their “company” car. submitted by /u/theanswar [link] [comments]
