Thursday, 8 November 2012

Business Buzz 66: Business Opportunities Weblog: Cutting Cars in Half to Avoid Import Duties

Business Buzz 66
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Business Opportunities Weblog: Cutting Cars in Half to Avoid Import Duties
Nov 8th 2012, 23:40

Business Opportunities Weblog
The original blog about business opportunities and business ideas for small business entrepreneurs
Cutting Cars in Half to Avoid Import Duties
Nov 8th 2012, 22:24

Cars cut in Half for Lower Import tax in Ukraine

In the Ukraine, they cut cars in half before they import them to get out of paying import duties. Once in the country they’re welded back together.

Today I received some tax saving wisdom from a taxi driver in Ukraine. He told me that people who import cars to Ukraine sometimes cut the car in two separate pieces and carry it through the customs this way. By doing this, they save a fortune on import tax. A car carried in two pieces is seen as spare parts and therefore is taxed at a much lower rate than a normal car.

Are they ever the same again?

via Today I Learned.

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