There’s also a newish Canadian law that taxes US boats if they are in Canada for more than a short amount of time. It has put several yards out of business, including a friend in NS who used to work on and store a bunch of US boats very winter. It put the kibosh on my plans to cruise to Bras D’or one summer, leave the bot and then cruise Newfoundland the next summer. Andy
Andrew Burton 26 Beacon Hill Newport, RI USA 02840 http://sites.google.com/site/andrewburtonyachtservices/ +401 965-5260 > On Jan 12, 2022, at 14:47, Dennis C. via CnC-List <cnc-list@cnc-list.com> > wrote: > > > When the US imposed the luxury tax in the 90's or whenever, it put 17,000 > boat builders in the unemployment line. Luxury car salespersons also > suffered. Legislators and bureaucrats are woefully ignorant of the law of > unintended consequences. > > Did it result in increased tax collections? Not really. As it only applied > to new yachts bought in the US, rich folks simply bought yachts in Europe and > brought them home, as I recall. > > Other anecdotal laws we seem to forget: the U shaped curve (governs > efficiencies of volume), the 95% rule (it's easy to pick up the first 95% of > that pound of sugar you spilled). And there's always the law above them all, > Murphy's Law. > > -- > Dennis C. > Touche' 35-1 #83 > Mandeville, LA > >> On Wed, Jan 12, 2022 at 1:33 PM Bill Coleman via CnC-List >> <cnc-list@cnc-list.com> wrote: >> OK, I know I should just get back to work, but this is a very thought >> provoking Bill about to take place, >> >> and it is like watching a slow motion train wreck. >> >> >> >> The American Version of the 90’s may not have been what completely killed >> C&C, but it certainly guaranteed it. >> >> >> >> What do they say, “Those who do not remember the mistakes of the past are >> condemned to repeat them in the future” ?! >> >> It’s been about a generation, long enough to forget, I guess. And Canada has >> a lot to lose. >> >> >> >> https://marinefabricatormag.com/2021/12/20/analysis-shows-canadas-proposed-luxury-tax-will-have-heavy-impact-on-marine-industry/ >> >> >> >> >> >> https://www.chicagotribune.com/news/ct-xpm-1991-06-13-9102220626-story.html >> >> >> >> >> >> Bill Coleman >> >> Entrada, Erie, PA >> >> >> >> >> >> Thanks to all of the subscribers that contributed to the list to help with >> the costs involved. If you want to show your support to the list - use >> PayPal to send contribution -- https://www.paypal.me/stumurray Thanks - >> Stu > > > Thanks to all of the subscribers that contributed to the list to help with > the costs involved. If you want to show your support to the list - use > PayPal to send contribution -- https://www.paypal.me/stumurray Thanks - Stu
Thanks to all of the subscribers that contributed to the list to help with the costs involved. If you want to show your support to the list - use PayPal to send contribution -- https://www.paypal.me/stumurray Thanks - Stu
