The USA topped the Financial Secrecy Index. The state of Delaware was used as an example of incorporation practice for the purposes of the research β because unlike most places surveyed the US research necessarily had to be based on both federal and state law. This short video explains some of the issues involved, many of which have been quite unsettling for commentators in the USA who have been surprised to find themselves at the centre of a debate on secrecy jurisdictions.
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Richard
I gather that Levin’s Stop Tax Haven Abuse Act proposals have been scrapped and have been replaced by a draft Incorporation Transparency and Law Enforcement Assistance Act, which seems to be aimed firmly at Delaware. However I understand that there are Senate concerns it might not be constitutional.
Can you shed any light on this please ?
Sorry – can’t help – but some people always resort to such forms of attack