Why are people buying boats online?
The internet is alive and well these days, and if you’re wondering why people are buying boats, it may be because of the ease of purchase.
It has become a relatively easy way to get around the world.
In fact, the number of boats being purchased online has tripled in the past five years.
As the economy has recovered from the Great Recession, people are looking to get out of debt and start their own boats, whether it be in the Caribbean, Australia or the United States.
However, it’s not all sunshine and rainbows, according to the head of the International Trade Centre for Maritime Business.
He says that people are being drawn to online purchases as a way to circumvent tax laws.
“The biggest problem we have is with people not paying taxes, so the reason why people buy online is because they’re not paying tax,” said Tom Lacey.
“You can’t do it the old-fashioned way.”
The internet has become an easy way for people to get to Australia, but it is also a dangerous way to evade the taxman Tom Lacy is a global maritime trade expert.
“There’s a risk that the internet is not doing enough to stop the money laundering,” he said.
“If you’re buying a boat, it makes sense to do so in a way that doesn’t bring your account into tax.”
People can still use the internet to buy a boat because there are no taxes, but the problem is that the rules are changing and the rules aren’t being enforced.
“When you do get to the end of your journey, it is possible to pay your tax on your boat, but you’re still in tax trouble because you haven’t paid tax on that boat.””
It’s a great way to have your boat and move around without having to worry about what you have to pay tax on, but there’s a catch,” he says.
“When you do get to the end of your journey, it is possible to pay your tax on your boat, but you’re still in tax trouble because you haven’t paid tax on that boat.”
It’s the same thing as buying a car or a house.
When you get the car or house, it does the same as when you buy it.
The car is a piece of property and the house is an investment, so it’s in your interest to sell the house to make money, or to buy the house, to make more money.
“The same thing is happening with the internet.”
He says people are making an online purchase to get away from taxes, and he says it’s a risky strategy.
“I would be concerned about people not knowing that they can buy a house online and then get to a foreign country, and not paying any tax,” he added.
“This is a risky investment.”
Tom Lacey says there are more people buying online than ever before.
“They’re buying in bulk and then using the internet, so they can move around the globe,” he explained.
“But it’s also a way for the people who are going to use this for a long period of time to evade tax.”
Tom says online buying is a big business for boat owners and that they’re doing a good job of avoiding tax.
“A lot of people are finding ways to buy boats in Australia, so we can’t have a shortage of boats,” he concluded.
The boat trade is a lucrative business, but many boats are not built to the standards expected of a modern vessel, according Mr Lacey, and the average size of boats sold online is around 100 metres.
“One of the biggest issues that we have with boats that are sold on the internet are not the quality of the boat, they’re the fact that there are too many boats,” said Mr Lacy.
“So when you have people buying in large numbers they’re making boats that they would never use on a ship, so there’s no guarantee that they’ll be able to sail it.”