It is pretty refreshing to see how important Delaware is to the country. I’d also like to think that we get little deserved attention for the amount of influence we have on the rest of the country.
Here is a nice little piece of news that doesn’t surprise me too much really.
* According to the Delaware Secretary of State’s office their operating budget was $12 million in 2007 and they made $24 million in the fees for expedited incorporation filings alone.
* There are currently some 695,000 active entities registered in Delaware, including 50 percent of the corporations publically traded on the U.S. stock exchange.
* New business formations in Delaware are currently running at about 130,000 per annum.
* The growth of private individual deposits by non-residents was most robust in the United States outranking other popular financial jurisdictions such as the Cayman Islands, United Kingdom, and Luxembourg with total non-resident deposits equalling $2.6 trillion in 2007.
I can’t imagine why it is/was so important that we get a corporate minded Governor in this state.
The author is getting ripped for not backing-up his assertions; it’s entirely specious reasoning.
Just look at the title – you can’t hide money here for the purpose of not paying taxes! Fed tax is paid, of course, and it’s the low DE corporate taxes and incorporation incentives that the author should be talking about.
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