Books
|
Buy Now
What’s the Matter with Delaware? - How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us All
Loot Price: R454
Discovery Miles 4 540
|
|
What’s the Matter with Delaware? - How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us All
(sign in to rate)
Loot Price R454
Discovery Miles 4 540
Expected to ship within 12 - 17 working days
|
How the “First State” has enabled international crime,
sheltered tax dodgers, and diverted hard-earned dollars from the
rest of us The legal home to over a million companies, Delaware has
more registered businesses than residents. Why do virtually all of
the biggest corporations in the United States register there? Why
do so many small companies choose to set up in Delaware rather than
their home states? Why do wealthy individuals form multiple layers
of private companies in the state? This book reveals how a
systematic enterprise lies behind the business-friendly corporate
veneer, one that has kept the state afloat financially by diverting
public funds away from some of the poorest people in the United
States and supporting dictators and criminals across the world. Hal
Weitzman shows how the de facto capital of corporate America has
provided safe haven to money launderers, kleptocratic foreign
rulers, and human traffickers, and facilitated tax dodging and
money laundering by multinational companies and international
gangsters. Revenues from Delaware's business-formation industry,
known as the Franchise, account for two-fifths of the state’s
budget and have helped to keep the tax burden on its residents
among the lowest in the United States. Delaware derives enormous
political clout from the Franchise, effectively writing the
corporate code for the entire country—and because of its outsized
influence on corporate America, the second smallest state in the
United States also writes the rules for much of the world. What's
the Matter with Delaware? shows how, in Joe Biden’s home state,
the corporate laws get written behind closed doors, enabling the
rich and powerful to do business in the shadows.
General
Imprint: |
Princeton University Press
|
Country of origin: |
United States |
Release date: |
2024 |
Firstpublished: |
2022 |
Authors: |
Hal Weitzman
|
Dimensions: |
203 x 133mm (L x W) |
Pages: |
296 |
ISBN-13: |
978-0-691-23574-5 |
Categories: |
Books
|
LSN: |
0-691-23574-0 |
Barcode: |
9780691235745 |
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.