Sunday, September 7, 2014

Will Delaware Give Up Its Status as the #1 Corporate Tax Haven?

Read on at the ICIJ - ANTI-SHELL CORPORATION BILL GETS SUPPORT FROM UNLIKELY US STATE
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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