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“Taxes don’t have a lot of impact on business decisions. It’s something that has been exaggerated for years” If I'm paying 50% in taxes as opposed to 10%, I wi
by bernierocks 7y ago
“Taxes don’t have a lot of impact on business decisions. It’s something that has been exaggerated for years”
If I'm paying 50% in taxes as opposed to 10%, I will be making different business decisions.
Most SF startups incorporate in Delaware because of the low corporate taxes.
- hn_throwaway_99 7y ago> Most SF startups incorporate in Delaware because of the low corporate taxes. That is not true. Most startups everywhere incorporate in Delaware because Delaware has the most robust legal system (e.g. the Court of Chancery) dedicated to handling corporate disputes. More info: https://whyy.org/articles/why-do-so-many-corporations-choose-to-incorporate-in-delaware/ https://whyy.org/articles/why-do-so-many-corporations-choose...
- bernierocks 7y agoThis sounds like something a VC would tell the press as an excuse. It's no coincidence that Delaware has very low corporate taxes: https://www.investopedia.com/articles/personal-finance/092515/4-reasons-why-delaware-considered-tax-shelter.asp https://www.investopedia.com/articles/personal-finance/09251...