The European Commission has been looking for several weeks at possible tax evasion loopholes when hiring or buying yachts and aircraft, made possible by misapplications of the EU rules on VAT, the institution confirmed on Wednesday 8 November.
This confirmation comes in the wake of revelations by the International Consortium of Investigative Journalists (ICIJ), in its Paradise Papers series, that the world Formula One champion, Lewis Hamilton, managed to avoid paying more than €5 million...