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Delaware isn't business friendly; it's shareholder friendly, which is why investors prefer Delaware incorporation. Of more concern to shareholders than the pros
by wahern 7y ago
Delaware isn't business friendly; it's shareholder friendly, which is why investors prefer Delaware incorporation. Of more concern to shareholders than the prospect of big gains is the risk of waste and embezzlement, and preventing that requires transparency and accountability (both literally and figuratively) much greater than required by your typical fraud promoting tax haven.
- logfromblammo 7y agoAlso, the US did not adopt the Common Reporting Standard from the OECD in the wake of the Panama Papers leak. So it does not report banking activity happening inside to the US to other countries. The Paradise Papers may spur additional legislative action, pending the results of the 2020 elections.