Thursday, June 25, 2009

Delaware a Tax Haven within the United States !!!

The US has pledged to bring an end to banking secrecy and pursue countries which open their doors to tax cheats.

But critics have say that the very nation leading the crackdown on tax havens is failin
g to tackle its own loopholes.

Thousands of companies in Delaware do nothing other than allow their owners to avoid paying taxes in other jurisdictions. Welcome to one of the United States' onshore tax havens.

As US President Barack Obama pursues offshore jurisdictions like Switzerland , Luxembourg and the Cayman Islands , accused of helping people and companies avoid the burden of US taxes – Delaware's special status among states is not even discussed .

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