Page 1 of 2 12 LastLast
Results 1 to 10 of 15

Thread: Delaware better place to hide money than Switzerland

  1. #1
    Human 2.0
    Maximus Zeebra's Avatar
    Join Date
    Dec 2006
    Location
    Western Europe
    Last Seen
    09-07-17 @ 10:19 PM
    Gender
    Lean
    Independent
    Posts
    6,568

    Delaware better place to hide money than Switzerland

    [ame="http://www.youtube.com/watch?v=KlPQjSWHGO0&feature=channel"]YouTube- Delaware better place to hide money than Switzerland[/ame]

    Ahead of Luxembourg
    Switzerland
    Cayman Islands and the United Kingdom..


    Wow.
    Europe is illegally occupied by the US

  2. #2
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    12-10-17 @ 07:36 PM
    Gender
    Lean
    Centrist
    Posts
    29,089

    Re: Delaware better place to hide money than Switzerland

    Quote Originally Posted by Maximus Zeebra View Post
    YouTube- Delaware better place to hide money than Switzerland

    Ahead of Luxembourg
    Switzerland
    Cayman Islands and the United Kingdom..


    Wow.
    Yep, and yet the US was never put on the same list of "shame" as many countries on the list.

    Oh and Russia Today is not exactly an unbiased source but the story is true.

    Delaware beats Switzerland as most secretive financial center | Reuters
    PeteEU

  3. #3
    Guru
    BWG's Avatar
    Join Date
    Jun 2005
    Location
    South Coast
    Last Seen
    12-04-17 @ 11:59 AM
    Gender
    Lean
    Undisclosed
    Posts
    3,203

    Re: Delaware better place to hide money than Switzerland

    No big surprise.

    Delaware is well known as a corporate haven. Over 50% of U.S. publicly-traded corporations and 60% of the Fortune 500 companies are incorporated in that state.

    Delaware General Corporation Law - Wikipedia, the free encyclopedia
    The reason why most of the credit card companies are located in the state of Delaware is because there are no usury laws, which means there are no limits on the interest rates. They also pay less taxes on their profits.

    That's why allowing health insurance to be sold across state lines is a bad idea for consumers. It would allow the the insurance companies to disregard state consumer protection laws and locate their headquarters to the most corporate friendly state in a race to the bottom.
    “We just simply don’t know how to govern” - Rep. Steve Womack (R-AR) a member of the House Budget Committee

  4. #4
    Banned
    Join Date
    Sep 2009
    Last Seen
    01-21-10 @ 02:59 PM
    Lean
    Undisclosed
    Posts
    744

    Re: Delaware better place to hide money than Switzerland

    Quote Originally Posted by BWG View Post
    No big surprise.



    The reason why most of the credit card companies are located in the state of Delaware is because there are no usury laws, which means there are no limits on the interest rates. They also pay less taxes on their profits.

    That's why allowing health insurance to be sold across state lines is a bad idea for consumers. It would allow the the insurance companies to disregard state consumer protection laws and locate their headquarters to the most corporate friendly state in a race to the bottom.
    That is just silly, in a free market, the best company wins, everytime. This is like suggesting that wal-mart, became wal-mart, by charging more then the next guy.

    I think I found another partisan, I am watching you people!

  5. #5
    Girthless
    RightinNYC's Avatar
    Join Date
    Mar 2005
    Location
    New York, NY
    Last Seen
    01-23-11 @ 11:56 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    25,894

    Re: Delaware better place to hide money than Switzerland

    Quote Originally Posted by Maximus Zeebra View Post
    YouTube- Delaware better place to hide money than Switzerland

    Ahead of Luxembourg
    Switzerland
    Cayman Islands and the United Kingdom..


    Wow.
    Oh, well if the propaganda arm of the Kremlin says its true, it MUST be!

    Quote Originally Posted by BWG View Post
    No big surprise.

    The reason why most of the credit card companies are located in the state of Delaware is because there are no usury laws, which means there are no limits on the interest rates. They also pay less taxes on their profits.
    Delaware actually has one of the most restrictive usury laws in the nation. You're thinking of South Dakota.

    State Interest Rates and Usury Limits
    Delaware Usury Laws | Usury

    Delaware also imposes a significant corporate tax, in contrast to several states that have no state corporate tax at all.

    The Tax Foundation - State Corporate Income Tax Rates, 2000-2009

    The reason why so many companies incorporate in DE is because the Delaware GCL is the most well-developed and business-friendly incorporation law in the country, especially in the area of corporate organization.

    That's why allowing health insurance to be sold across state lines is a bad idea for consumers. It would allow the the insurance companies to disregard state consumer protection laws and locate their headquarters to the most corporate friendly state in a race to the bottom.
    With a total absence of regulation, this is probably true. However, it's quite easy to imagine a set of nation-wide rules that could be put in place and would be stringent enough to protect consumers while still allowing robust competition.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  6. #6
    Guru
    BWG's Avatar
    Join Date
    Jun 2005
    Location
    South Coast
    Last Seen
    12-04-17 @ 11:59 AM
    Gender
    Lean
    Undisclosed
    Posts
    3,203

    Re: Delaware better place to hide money than Switzerland

    Quote Originally Posted by RightinNYC View Post



    Delaware actually has one of the most restrictive usury laws in the nation. You're thinking of South Dakota.

    State Interest Rates and Usury Limits
    Delaware Usury Laws | Usury

    Delaware also imposes a significant corporate tax, in contrast to several states that have no state corporate tax at all.

    The Tax Foundation - State Corporate Income Tax Rates, 2000-2009

    The reason why so many companies incorporate in DE is because the Delaware GCL is the most well-developed and business-friendly incorporation law in the country, especially in the area of corporate organization.
    With just a cursory glance it looks like being located in Delaware while doing business out-of-state is the key.
    In the 1980s, then-Delaware Governor Pierre Samuel du Pont IV shepherded the Financial Center Development Act through the Delaware General Assembly. The act was instrumental in eliminating virtually all usury laws in Delaware, giving banks an immediate incentive to start credit-card subsidiaries in Delaware, as Federal law provides that usury limitations, or lack thereof, are limited to those of a bank's home state, irrespective of where the bank conducts business. This encouraged an explosion in competition among banks to issue credit cards with varying rates for various levels of consumer credit. And because of Delaware’s minimal regulation of interest rates charged, banks were able to issue high-interest rate cards to high-risk consumers.



    Delaware charges no corporate income tax on companies not operating within the state, though all Delaware corporations must pay an annual corporate franchise tax.


    Incorporate in Delaware, Form a Delaware Corporation or LLC.
    Quote Originally Posted by RightinNYC
    With a total absence of regulation, this is probably true. However, it's quite easy to imagine a set of nation-wide rules that could be put in place and would be stringent enough to protect consumers while still allowing robust competition.
    LOL...Yeah with regulation, I would be receptive to this (along with other things I may be currently opposed to...). However, when some say they want to open it all up, they neglect or perhaps don't realize the consequences that we as consumers could occur without some restrictions.
    “We just simply don’t know how to govern” - Rep. Steve Womack (R-AR) a member of the House Budget Committee

  7. #7
    Banned
    Join Date
    Nov 2009
    Location
    Epic Mountain
    Last Seen
    12-28-09 @ 06:07 PM
    Gender
    Lean
    Undisclosed
    Posts
    4,384

    Re: Delaware better place to hide money than Switzerland

    The money is hidden so well because Obama made it transparent. Don't listen to the lies!

  8. #8
    Human 2.0
    Maximus Zeebra's Avatar
    Join Date
    Dec 2006
    Location
    Western Europe
    Last Seen
    09-07-17 @ 10:19 PM
    Gender
    Lean
    Independent
    Posts
    6,568

    Re: Delaware better place to hide money than Switzerland

    Quote Originally Posted by PeteEU View Post
    Yep, and yet the US was never put on the same list of "shame" as many countries on the list.

    Oh and Russia Today is not exactly an unbiased source but the story is true.

    Delaware beats Switzerland as most secretive financial center | Reuters
    Neither is any western media an unbiased source

    Delware should be put on the list, no the whole US, that would be like putting all of EU on because of Luxembourg.
    Europe is illegally occupied by the US

  9. #9
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    12-10-17 @ 07:36 PM
    Gender
    Lean
    Centrist
    Posts
    29,089

    Re: Delaware better place to hide money than Switzerland

    Quote Originally Posted by Maximus Zeebra View Post
    Neither is any western media an unbiased source

    Delware should be put on the list, no the whole US, that would be like putting all of EU on because of Luxembourg.
    No way. Luxembourg is a country, Delware aint. It is part of the USA which is a country.

    And Russia Today is as unbiased as Fox News.
    PeteEU

  10. #10
    Human 2.0
    Maximus Zeebra's Avatar
    Join Date
    Dec 2006
    Location
    Western Europe
    Last Seen
    09-07-17 @ 10:19 PM
    Gender
    Lean
    Independent
    Posts
    6,568

    Re: Delaware better place to hide money than Switzerland

    Quote Originally Posted by PeteEU View Post
    No way. Luxembourg is a country, Delware aint. It is part of the USA which is a country.

    And Russia Today is as unbiased as Fox News.
    No, its as unbiased as CNN. Fox news is far more biased. I suggest you review your view on either western media, or look more at the live broadcasts from Russia today, to see how heavy the bias is in the west. This action will also readjust your center perpsecitive, as oppose to having it reviewed from extremely nationalists biased American media, towards completely western biased focused European media.

    I also suggest CCTV as a great place to get news. Russia today is a great place to get real news that just will not be shown or given focus in western meainstream media.
    Europe is illegally occupied by the US

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •