Delaware, a small state on the eastern seaboard of the United States, has long been synonymous with corporate secrecy and leniency in corporate governance. As the home to over a million businesses, including more than half of all publicly traded companies in the U.S., Delaware’s legal framework and tax policies make it a favored destination for corporations seeking to shield themselves from prying eyes. This reputation as a corporate haven is often hailed for its economic benefits but criticized for its potential to facilitate tax evasion, money laundering, and the circumvention of local regulations. With increasing scrutiny from policy-makers and advocacy groups advocating for greater openness, this article delves into the factors that have propelled Delaware to its status as a corporate secrecy haven, examining both the implications for accountability and the ongoing debate surrounding the need for reform in the age of global financial scrutiny.
The Evolution of Corporate…
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Author : Mia Garcia
Publish date : 2025-09-03 23:43:00
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