Tax-dodge city, USA

| 11/04/2009

(The Guardian): It lacks the palm-fringed sandy beaches of the Cayman Islands. Or the craggy ­Alpine peaks of Liechtenstein. But should the second smallest US state, Delaware, go on a blacklist of globally notorious tax havens? A wedge-shaped chunk of land 96 miles long sitting halfway between Washington and New York, the state of Delaware is home to 870,000 people, 0.3% of the US population. But more than half of the nation’s publicly traded companies are incorporated here, including 60% of the Fortune 500 firms. One anonymous office block serves as the registered address of more than 200,000 corporations.

 

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