Sunday, November 01, 2009

Move over Switzerland

WASHINGTON (Reuters) -- Move over Switzerland. The tiny state of
Delaware beats the Alpine country in a contest for the most secretive
financial jurisdiction, a tax justice rights group said on Saturday.

The United States, led by the eastern seaboard state, took in $2.6
trillion in deposits from non-resident corporations and individuals in
2007, according to a survey of financial jurisdictions analyzed by the
Tax Justice Network.

The survey of laws, practices and size of inflows in 60 jurisdictions
found Delaware coming in first, followed by Luxembourg and then
Switzerland. The Cayman Islands and the United Kingdom round out the top
five.
More here: http://www.reuters.com/article/newsOne/idUSTRE59U1VB20091101

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