https://www.theglobalist.com/bidens-delaware-making-swiss-banking-look-hyper-clean/
This makes the state of Delaware a de-facto tax haven on U.S. soil. But more importantly, the tiny state on the Eastern Seaboard allows the registration of limited liability companies (LLCs) without disclosure of their actual owners.
Combined with the lack of disclosure requirements, the “Delaware Gap” — tax gap, that is — has attracted thousands of U.S. and internationally owned corporations to Wilmington. That is somewhat ironic, considering that the state is just a short 1.5 hour car or train ride from the headquarters of the U.S. Department of Justice and the Internal Revenue Service on Pennsylvania Avenue in Washington, D.C.
For all of the United States' prosecutorial vigor, owners of Delaware corporations can hide in plain sight — and better yet, avail themselves of the U.S. legal system with impunity.
This is relevant not only in tax matters where the existing loopholes allow for legal tax avoidance. It is disturbingly relevant in the fight against money laundering committed by organized crime and international terrorist organizations.
How can the United States of America pretend to lead the fight against global money laundering and terrorist financing? How can it even remotely claim the moral high ground under the Patriot Act if one of its state’s laws enable the anonymous use of registered corporate entities to conduct financial transactions of all sorts?
Delaware is essentially Chiraq. But with less Gang violence and More White Collar Crime