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Duty and tax avoidance device and system

  • US 8,762,234 B2
  • Filed: 03/13/2007
  • Issued: 06/24/2014
  • Est. Priority Date: 03/22/2006
  • Status: Active Grant
First Claim
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1. A machine consisting of:

  • a) a computer comprising sufficient hardware, software, peripherals, necessities and/or accessories for transformation of data, programmed to perform the following process, the process consisting of;

    b) receiving or causing to be received by processor of the computer an inquiry from a Tax Exempt Entity, identified as acronym TEE;

    c) verifying, receiving verification or causing to be verified by the processor of the computer, that the inquiry is a TEE;

    d) allowing or causing to allow the TEE to select the vehicle/product/good to be used and duration of use desired from the operator of the computer;

    e) receiving or causing to be received by the processor of the computer a provisional offer from the TEE to enter into a Duty Free Synthetic Lease, identified as acronym DFSL, with the processor of the computer for the vehicle/good/product selected in step (e) above;

    f) accepting or causing to be accepted the provisional offer from the TEE by the processor of the computer;

    g) calculating or receiving a calculation of the actual use fee or fees to be paid by the TEE to the processor of the computer over the period of use;

    h) communicating or causing to be communicated to the TEE by the processor of the computer the actual use fee or fees determined in step (g) above;

    i) receiving or causing to be received by the processor of the computer a firm offer from the TEE based on the actual use fee determined in step (h) above;

    j) accepting or causing to be accepted by the processor of the computer the firm offer from the TEE;

    k) generating by the processor of the computer the DSFL document package including a Duty/Tax Free Certificate, a Master Use and Service Agreement for Motor Vehicles, a Vehicle Return Condition Agreement, a Maintenance Service Agreement, an Overseas Loss/Damage Motor Insurance Certificate, a Registration Book for Private Vehicle, a Transfer of Ownership of Motor Vehicle or Trailer, a New/Used Unit Delivery Note, and a Comprehensive Cover;

    l) generating and displaying by the processor of the computer the DSFL document package and Duty/Tax Free Certificate to the TEE for at least one signature indicating legally enforceable acceptance of the DFSL;

    m) receiving or causing to be received by the processor of the computer the executed document package with payment from the TEE;

    n) transferring or causing to transfer the title by the processor of the computer of the vehicle/product/good to the TEE;

    o) delivering or causing to be delivered by the processor of the computer to the TEE the Tax/Duty Free Certificate and executed copies of the DSFL document package;

    p) generating by the processor of the computer the vehicle/product/good to the TEE for use in compliance with the DFSL;

    q) receiving or causing to be received by the processor of the computer periodic payments from the TEE for using the vehicle/product/good for the duration of use;

    r) receiving or causing to be received by the processor of the computer the vehicle/product/good from the TEE at the end of the use period.

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