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Cyprus fails to recover $15 million in taxes from Abramovich’s superyacht scheme
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Cyprus fails to recover $15 million in taxes from Abramovich’s superyacht scheme
Cypriot tax authorities have acknowledged they are unable to recover over $15 million in unpaid taxes linked to a now-defunct company allegedly used by Russian billionaire Roman Abramovich to dodge value-added tax (VAT) on his luxury superyacht operations. The case has sparked intense political scrutiny in Cyprus and raised broader questions about the country’s vulnerabilities to financial manipulation by sanctioned oligarchs. The company at the…
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