What's the Matter with Delaware? (eBook)

How the First State Has Favored the Rich, Powerful, and Criminal-and How It Costs Us All

Hal Weitzman (Autor)

eBook Download: EPUB

2022
296 Seiten
Princeton University Press (Verlag)
978-0-691-18577-4 (ISBN)

Infos

How the "e;First State"e; has enabled international crime, sheltered tax dodgers, and diverted hard-earned dollars from the rest of usThe legal home to over a million companies, Delaware has more registered businesses than residents. Why do virtually all of the biggest corporations in the United States register there? Why do so many small companies choose to set up in Delaware rather than their home states? Why do wealthy individuals form multiple layers of private companies in the state? This book reveals how a systematic enterprise lies behind the business-friendly corporate veneer, one that has kept the state afloat financially by diverting public funds away from some of the poorest people in the United States and supporting dictators and criminals across the world.Hal Weitzman shows how the de facto capital of corporate America has provided safe haven to money launderers, kleptocratic foreign rulers, and human traffickers, and facilitated tax dodging and money laundering by multinational companies and international gangsters. Revenues from Delaware's business-formation industry, known as the Franchise, account for two-fifths of the state's budget and have helped to keep the tax burden on its residents among the lowest in the United States. Delaware derives enormous political clout from the Franchise, effectively writing the corporate code for the entire country-and because of its outsized influence on corporate America, the second smallest state in the United States also writes the rules for much of the world.What's the Matter with Delaware? shows how, in Joe Biden's home state, the corporate laws get written behind closed doors, enabling the rich and powerful to do business in the shadows.

Produkt-Details

• Erscheint lt. Verlag: 24.5.2022
• Zusatzinfo: 3 b/w illus. 1 map.
• Sprache: englisch
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Steuern / Steuerrecht
• Themenwelt: Recht / Steuern ► Strafrecht ► Kriminologie
• Themenwelt: Sozialwissenschaften
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: Accounting • Amendment • American International Center • americans • a modest proposal • Andrew Fastow • anonymity • Anti-competitive practices • arbitration • attempt • Audit • backpage • Bank account • Bank Fraud • Bankruptcy • Barry Pepper • Beneficial ownership • bribery • Bureau of Corporations • Campaign finance • candidate • Casino Jack • chairman • Citizenship of the United States • Civil penalty • Collins J. Seitz • colored • Complicity • consumer • Corporate Law • Corporate Structure • corporate tax • Corporate Transparency • corporation • credit card • Creditor • Crime • Currency transaction report • Customer • Dark money • Dean Heller • Debtor • Delaware • Delaware Court of Chancery • Delaware General Corporation Law • Delaware National Guard • Delaware State Police • Delaware State University • Delaware Supreme Court • dividend • DuPont • Employment • Enron • Facilitator • Federal government of the United States • Figure 1 • Finance • financial crimes • Financial Crimes Enforcement Network • Financial Intelligence • Financial Services • Foreign official • Fort Delaware • Fortune 500 • franchise tax • Fraud • Frederick Chiluba • Funding • George Washington • gift card • Government Accountability Office • government agency • government revenue • Governor of New Jersey • Hippie • Identity document • Inauguration • income • Institution • Intellectual Property • Interest • Interest Rate • Internal affairs (law enforcement) • international sanctions • Investor • Iran–Contra affair • Jack Abramoff • Jeffrey Skilling • Joe Biden • Jurisdiction • Kenneth Lay • kleptocracy • Ku Klux Klan • Law enforcement • Lawsuit • lawyer • laxative • legal fiction • Legislation • lobbying • Lost, mislaid, and abandoned property • Lotion • lynching • market capitalization • MBNA • mercenary • Mergers and acquisitions • Michael Scanlon • misconduct • Money laundering • Mossack Fonseca • national conversation • Obligation • Office of Strategic Services • Offshore Financial Centre • Op-Ed • operating agreement • Opportunism • Ownership • Ownership (psychology) • parent company • Patchwork • Paul Manafort • Perfluorooctanoic Acid • Perpetuity • Policy • political scandal • Precedent • primary source • privacy • Public Finance • Public Policy • Racism • Regulation • remittance • Reputation • Requirement • Resignation • Retirement • Revenue • rule against perpetuities • salary • secrecy • Shareholder • Shell corporation • Shocks the conscience • Slavery • Special Agent • State law (United States) • State legislature (United States) • Statute • Strom Thurmond • Subsidiary • Supply Chain • Takeover • Tax • tax avoidance • Tax evasion • Tax exemption • tax haven • Tax Rate • terrorism financing • The New York Times • Trade Union • Uncertainty • underemployment • University of Delaware • U.S. state • Viktor Bout • Wealth • wide variety • Zambia
• ISBN-10: 0-691-18577-8 / 0691185778
• ISBN-13: 978-0-691-18577-4 / 9780691185774