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> the upshot will be to drive global wealth towards secrecy jurisdictions in the US such as Rupert Murdoch’s preferred haven of Delaware. Delaware as a secret
by TedDoesntTalk 5y ago
> the upshot will be to drive global wealth towards secrecy jurisdictions in the US such as Rupert Murdoch’s preferred haven of Delaware.
Delaware as a secret tax haven? What?? How?
- eurasiantiger 5y agoTry googling it
- rand846633 5y agoMany reasons, but the main one being you can use Delaware to hide the ownership of your companies. https://www.investopedia.com/articles/personal-finance/092515/4-reasons-why-delaware-considered-tax-shelter.asp https://www.investopedia.com/articles/personal-finance/09251...
- iamacyborg 5y agoCorporate secrecy laws in Delaware are so strong that Americans don’t need to seek offshore tax havens, which themselves are often modelled on Delaware’s corporate laws.