Posted on 11/02/2009 2:41:14 AM PST by TigerLikesRooster
Delaware beats Switzerland as most secretive financial center
By: Reuters | 31 Oct 2009 | 07:59 PM ET Text Size
By Kim Dixon
WASHINGTON (Reuters) -- Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.
The United States, led by the eastern seaboard state, took in $2.6 trillion in deposits from non-resident corporations and individuals in 2007, according to a survey of financial jurisdictions analyzed by the Tax Justice Network.
The survey of laws, practices and size of inflows in 60 jurisdictions found Delaware coming in first, followed by Luxembourg and then Switzerland. The Cayman Islands and the United Kingdom round out the top five.
"While the U.S. has been jumping up and down and saying 'Aha, bad, wicked Swiss banks,' the U.S. is doing exactly the same things as far as non-resident bank account holders," said Sarah Lewis, executive director of the group, based in the U.K.
(Excerpt) Read more at cnbc.com ...
Ping!
Read the end of the article. However, not to worry. Obama will root out any and all information concerning taxes. Nothing will escape this administration if it can be taxed.
It is no mystery why so many pleasure craft and luxury yachts are registered in Wilmington and Dover.
Yes Delaware had the asset, but after 6 months of them being unable to mail a simple form. I had to hire a lawyer before Delaware saw fit to send the form.
To say I do not trust the bureaucrats of Delaware is putting it mildly. I feel like they wanted to steal the asset.
Beware
Yes, but DE is where Democrats hide their money from the tax-man, and that makes it A-OK.
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