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NEW: Leaked bank records from the Isle of Man, a known tax haven, detail how Russian billionaire Oleg Tinkov was able to save millions in taxes on his fleet of private jets through a scheme designed for the super-rich. #CaymanLeaks ✈️ 1/
occrp.org/en/investigati…
occrp.org/en/investigati…
You can find several photos of Tinkov’s jets on his Instagram page, except for this one which was deleted.
It shows the billionaire and his family using the business jet for a birthday celebration shortly before he was arrested on US tax fraud charges. 2/
It shows the billionaire and his family using the business jet for a birthday celebration shortly before he was arrested on US tax fraud charges. 2/
The scheme shows how the ultra-wealthy can avoid taxes by registering their jets in the British crown dependency.
12 other bank clients used similar structures. Hundreds of exemptions have been issued by IOM since 2011, saving the owners ~£1B. 3/
12 other bank clients used similar structures. Hundreds of exemptions have been issued by IOM since 2011, saving the owners ~£1B. 3/
