Wealth & Risk Management Blog

William Byrnes (Texas A&M) tax & compliance articles

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

Posted by William Byrnes on September 6, 2014


International Financial Law Prof Blog.

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.

One Response to “Will Delaware Give Up Its Status as the #1 Corporate Tax Haven?”

  1. David Fleming said

    that’s why those with nothing to hide prefer other states, like Illinois, which have more public disclosure but better company laws.

    Like

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