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Sunday, September 7, 2014
Will Delaware Give Up Its Status as the #1 Corporate Tax Haven?
Pretty odd because Delaware has long been criticized for its welcome embrace of corporate secrecy and, in fact, is one of the targets of the Levin-Grassley bill. The tiny state is perennially at the top of the list of global tax havens and has gained a reputation as place where those with something to hide – embezzlers, arms merchants, money launders, drug dealers and the like – can set up shop, no questions asked. This is thanks to Delaware laws that allow the true owners of a corporate entity to remain a secret. http://profwilliambyrnes.com/
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