Posted on 09/12/2014 3:44:42 PM PDT by Kid Shelleen
There are more companies than people in the small US state of Delaware, its population of under one million nestled on the Atlantic coast just south of New Jersey.
The reason is clear: the state offers companies low taxes, an efficient, pro-business legal environment, and it allows anyone to set up a company anonymously, registering a shell that hides who really controls it and controls the money within it.
That has now put Delaware, and other states that permit shell companies, in the sights of the US authorities, after they have campaigned against international tax havens like Switzerland to fight tax dodging and money laundering.
(Excerpt) Read more at news.yahoo.com ...
Corporations don’t count as people for the Census?
Delaware’s corporation law is older than Joe Biden.
Why is Delaware even a state anyway? Did one of the Founders lose a bet?
The Duponts needed their own State.
He didn’t say anything about domestic tax shelters.
We have to ensure that Delaware is just as unfriendly to business as its neighboring states. It’s “not fair” to New Jersey, New York, etc. The powers that be want to make sure there is nowhere left to hide from their confiscatory taxes.
If Delaware is a means of tax avoidance, then so to is itemizing. ..
What are you talking about?
Delaware is beautiful.
Maybe you meant New Jersey or Puerto Rico /s
Bump
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