Ultra High Net Worth Individuals (UHNWI) do own yachts for tax reasons, but not because they are a modern replacement for palaces.
— Richard Amador (@acuriocabinet) June 8, 2026
Most of the world runs residency-based taxation. As in, if you stay over 183 days somewhere you become a taxable base. The US is the outlier, as it… https://t.co/TBbEqXYp5Z pic.twitter.com/kPhpQMMlV7
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