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Australia: America is a secrecy jurisdiction
July 23rd, 2009
We have long pointed to the fact that the United States is, to a very significant degree, a secrecy jurisdiction, not least through dirty practices offered in places such as Delaware. It isn't something that people like to mention in polite company. Now we're very heartened to see the Australian tax office has written an open submission to the US Senate Committee on Homeland Security and Governmental Affairs, which includes the following strongly-worded:

"In our opinion, entities established in some states of the USA, for example some US incorporated companies, have some of these same...

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NY Times Calls out Delaware
June 1st, 2009
The NY Times took a look at Delaware's status as a potential tax haven this weekend. From the Saturday issue:

North Orange, a ho-hum thoroughfare in Wilmington, Del., is, on paper, home to more than 6,500 companies. Many of them are empty shells. They make nothing and sometimes employ just a lone clerk. But all are there for the same reason: to help corporations avoid paying taxes in other states.

The Obama administration has riled corporate America by cracking down on secretive offshore tax havens. But now a big onshore refuge — Delaware — is...

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