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If I had the cash to buy a Koenigsegg, I'd buy a place in some country where you aren't raped by taxes and register it there. Visit regularly, either spend the summer or winter there and enjoy the car. Better use of that $1M than spending it on taxes.
 

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If I had the cash to buy a Koenigsegg, I'd buy a place in some country where you aren't raped by taxes and register it there. Visit regularly, either spend the summer or winter there and enjoy the car. Better use of that $1M than spending it on taxes.
Or then you can just register the car in the US and drive/fly to your home country and use it just like your daily driver...

But if you got over 1mil for a car, you better scrape some cash and pay duties for it.
1 million is still shitload of money, no matter who has it :eek:hwell: edit: Should have said 4 mil, cos the car is 1mil and taxes 4 mil or something, whatever :D
 

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Or then you can just register the car in the US and drive/fly to your home country and use it just like your daily driver...
It depends on local laws and how long you can have a car registered somewhere else in that state, province, country, etc. There usually is a time limit and then it must be registered locally. In the US, pretty much every state has a law that you must register the car locally after a few months if your current location is your permanent residence. I know most countries are the same. So if your permanent residence was somewhere in China but the car was registered in the US, I'm sure you would end up having to register it in China or lose the car. It's the Gov't, they will have a cap on how long you can evade taxes.
 

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It depends on local laws and how long you can have a car registered somewhere else in that state, province, country, etc. There usually is a time limit and then it must be registered locally. In the US, pretty much every state has a law that you must register the car locally after a few months if your current location is your permanent residence. I know most countries are the same. So if your permanent residence was somewhere in China but the car was registered in the US, I'm sure you would end up having to register it in China or lose the car. It's the Gov't, they will have a cap on how long you can evade taxes.
Yup, I know. I kinda forgot the whole deal that America is a big island so it was a bad example. I live in the EU and I need 0 papers/permits to drive across the border which means I could always say "Yeah I'm only spending my weekends in here" and noone could ever say if im cheating or not :) I do not know Chinese laws but I'm quite sure this would work in most countries because Koenigsegg is such a rare car that you wouldnt drive it so often. I mean visiting the country border like once or twice a year beats paying 4 mil in taxes, right? :)
 

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Yup, I know. I kinda forgot the whole deal that America is a big island so it was a bad example. I live in the EU and I need 0 papers/permits to drive across the border which means I could always say "Yeah I'm only spending my weekends in here" and noone could ever say if im cheating or not :) I do not know Chinese laws but I'm quite sure this would work in most countries because Koenigsegg is such a rare car that you wouldnt drive it so often. I mean visiting the country border like once or twice a year beats paying 4 mil in taxes, right? :)
Wrong.. If you are, for example, a Swedish citizen you are not allowed to drive an foreign registered vehicle in Sweden. Neither can you buy a vehicle in Germany without temperary register the vehicle for export..

And for crossing a EU border you need a valid ID and correct papers for your car ( if stopped in custom which rarely happens..)..
 

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Wrong.. If you are, for example, a Swedish citizen you are not allowed to drive an foreign registered vehicle in Sweden. Neither can you buy a vehicle in Germany without temperary register the vehicle for export..

And for crossing a EU border you need a valid ID and correct papers for your car ( if stopped in custom which rarely happens..)..
Dunno how it goes in Sweden but in Finland you can drive a foreign registered car in Finland if it is your own. Why couldnt you? However the law says you cannot drive a car if its foreign and not your own.

And yes, naturlikvist (;)) you have to have your papers with you when you drive your car into another country. Insurance, prove of ownership and your very own passport for example. Actually those are the documents you have to have with you ALWAYS, except the passport ofc because you have your driving license in most cases with you. It's actually good if you get stopped in customs. You can easily show proof when you entered the country if ppl start asking ;) You could do this every week if you like, would still be cheaper than the 4 million.

There is another trick too. If you are servicing your car in Finland you can basicly service it for as long as you like. This is how Kimi Räikkönen did it when he was facing 1.5mil in taxes.
 

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Dunno how it goes in Sweden but in Finland you can drive a foreign registered car in Finland if it is your own. Why couldnt you? However the law says you cannot drive a car if its foreign and not your own.

And yes, naturlikvist (;)) you have to have your papers with you when you drive your car into another country. Insurance, prove of ownership and your very own passport for example. Actually those are the documents you have to have with you ALWAYS, except the passport ofc because you have your driving license in most cases with you. It's actually good if you get stopped in customs. You can easily show proof when you entered the country if ppl start asking ;) You could do this every week if you like, would still be cheaper than the 4 million.

There is another trick too. If you are servicing your car in Finland you can basicly service it for as long as you like. This is how Kimi Räikkönen did it when he was facing 1.5mil in taxes.
Coz of the tax issue. But if it is a foreign car and its yours, then you must live abroad? Like Kimi who i guess lives in Monaco.
The law is to stop people buying cars abroad, through friends etc, and drive them in Sweden without paying taxes and vat.
 

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Coz of the tax issue. But if it is a foreign car and its yours, then you must live abroad? Like Kimi who i guess lives in Monaco.
The law is stoppeople buying cars aboad, through friends etc, and drive them in Sweden without paying taxes and vat.
Actually you are right. Just confirmed this from my brother who works at the customs. He suggested renting the cheapest apartment in Kenya :D But if you can afford a 5 million car you'd most likely already have paid homes outside your own country :)

edit: Oh forgot to mention that he also said that you can drive the car for 6 months in Finland, after that you have to visit abroad. Doesnt matter if its 1 meter across the border or a longer trip.
 

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Actually you are right. Just confirmed this from my brother who works at the customs. He suggested renting the cheapest apartment in Kenya :D But if you can afford a 5 million car you'd most likely already have paid homes outside your own country :)

edit: Oh forgot to mention that he also said that you can drive the car for 6 months in Finland, after that you have to visit abroad. Doesnt matter if its 1 meter across the border or a longer trip.
Same here, if you have moved abroad you can only visit maximum six months a year (six in a row or multiple occasions). If you visit more often and custom etc catch you, you will be charged with tax fraud and all you income during the time you have spent abroad must be paid in Sweden. Guess that had been costly for Kimi Raikkonen.. :)

Lets skip this now since we are quite a bit off topic ;-)
 
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