California officials are cracking down on the "Montana Loophole," charging 14 people with tax evasion on $20 million in luxury cars across Southern California.
The ‘Montana loophole’ is one of the most well-known tactics in the US for avoiding hefty tax payments when registering ...
A Porsche 918 Spyder, a Ferrari F12 TdF, and a McLaren Elva are among the vehicles the state claims were illegally registered elsewhere but only driven in the Golden State.
Prosecutors allege the defendants avoided California taxes on more than $20 million in vehicle purchases. The vehicles included a $1.8 million McLaren Elva, a $1.5 million Porsche 918 Spyder and a ...
Ferraris, McLarens and other high-end toys are at the center of what California officials say was a years-long tax dodge run out of the Bay Area, with luxury buyers allegedly pretending their cars ...
If you spend any time around car forums, enthusiast groups, or even scrolling through social media, you’ve probably seen the ads. They usually promise the same thing: set up a Montana LLC, register ...