Source: New York Post
California is cracking down on a tax strategy that allowed some luxury-car owners to save tens of thousands of dollars by registering their vehicles through shell companies in Montana. A $600,000 Lamborghini owner bragged about saving $70,000 through the arrangement, but California has now moved to shut down the strategy as the state estimates it could recover $20 million a year. The boast appeared in a criminal complaint filed by the California Department of Justice, with the buyer celebrating five years of Montana registration for just $3,000, according to The Los Angeles Times.
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