Wednesday

Complaint that Congressman Nunes improperly used political donations for $5K worth of private jet travel


As noted in The Hill, The Fresno Bee newspaper reported that:

"Political donations to Rep. Devin Nunes (R-Calif.) were improperly used to cover $5,518 in private jet travel, according to a complaint filed with the Federal Election Commission (FEC) by a campaign watchdog group.


The Fresno Bee reports that public filings show New PAC, a Republican leadership PAC, paid $11,036 to Paramount Business Jets on March 7. Nunes sponsors the PAC, which was refunded $5,518 on May 18 due to overpayment, it added.

According to its company website, Paramount Business Jets offers “private jet flights to and from any major city in the world, in any size aircraft with as little as 4 hours of notice.”
The Bee noted that it is illegal for leadership PAC money, which is used by congressional members to donate funds to other political candidates, to be applied to noncommercial air travel.

The complaint was filed by Campaign Legal Center.

A spokesman for the FEC said that political candidates can use leadership PAC money for chartering private jets through a company that is set up to meet that specific purpose, but also added that political candidates would be required to pay market rates.

Myles Martin said in those specific cases, chartering a private jet can be classified as commercial air travel."


Friday

Lewis Hamilton tax on Challenger 605 purchase caught up in Paradise Papers

Lewis Hamilton tax on Challenger 605 purchase caught up in Paradise Papers: "Current Formula One world champion Lewis Hamilton has been caught up in the Paradise Papers scandal, with allegations that he avoided paying tax on his 2013 purchase of a private jet.

The story has come to light as part of a leak of 13.4m files related to shell companies in offshore tax jurisdictions. The documents were leaked to German newspaper Süddeutsche Zeitung, which then enlisted the help of the International Consortium of Investigative Journalists (ICIJ) to research the documents.

The Guardian newspaper, French Television and the BBC’s Panorama TV programme have been three of the outlets to cover the story so far, with both having stories about Hamilton avoiding paying tax on his private jet."

Read more HERE





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Wednesday

Selling Your Jet? Make-Sense Makeovers

"Owners of business jets for sale may consider investing in improvements in the hope of getting a better price, notes Dave Higdon. Although the reality will usually disappoint in today’s market, there are nevertheless items sellers can undertake to refurbish their jets and position them well to sell…"


Read more at Selling Your Jet? Make-Sense Makeovers | AvBuyer



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