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Setting up a sham subsidiary in Delaware and doing a tricky tax inversion is completely different from "incorporating in Delaware to avoid taxes." YC rightly r
by didgeoridoo 9y ago
Setting up a sham subsidiary in Delaware and doing a tricky tax inversion is completely different from "incorporating in Delaware to avoid taxes."
YC rightly recommends incorporating in Delaware because the state has a predictable structure of corporate law and courts that are expert in applying it.
Implying that incorporation in Delaware is inherently some kind of tax dodge is bordering on slanderous.
- colechristensen 9y agoImplying that not taking advantage of every legal avenue to minimizing tax burden while incorporated in Delaware is exercising your fiduciary duty to your investors is willful ignorance.
- rxhernandez 9y agoMaybe there are other duties to other groups that are more important than your investors. I can't believe I even have to say that out loud. I can extend your fiduciary duty to uber easily insofar as them doing malicious things so long as the payoff was better than the legal costs. Hell I can extend this to certain evil pharmaceutical entities with little more additional effort. Your logic is either naive or you don't care about your fellow man. If it is the latter, I wish you your just deserts
- sneak 9y agoTo equate tax minimization with malice is ridiculous and you know it. Only the most brainwashed statists would think allowing public officials to piss away shareholder funds unnecessarily is virtuous.