From badger’s comment, which deserves its own post:
For further incontrovertible evidence of the stunning hypocrisy of the US Treasury and IRS re FATCA vs. the well known homegrown and entrenched US domestic tax havens like VP Biden’s home state of Delaware, see;
Jack Townsend’s blog http://federaltaxcrimes.blogspot.ca/2013/11/nyt-op-ed-on-delaware-wyoming-nevada-as.html
Saturday, November 2, 2013
NYT Op-Ed on Delaware, Wyoming & Nevada as Haven for Criminal Activity (11/2/13)
“John A. Cassara, a former IRS CI agent, wrote this op-ed http://www.nytimes.com/2013/11/02/opinion/delaware-den-of-thieves.html?hp&rref=opinion&_r=0 in the New York Times: Delaware, Den of Thieves? (NYT 11/1/13)…….”
Says the author of Delaware, Den of Thieves?:
In the years I was assigned to Treasury’s Financial Crimes Enforcement Network, or Fincen, I observed many formal requests for assistance having to do with companies associated with Delaware, Nevada or Wyoming. These states have a tawdry image: they have become nearly synonymous with underground financing, tax evasion and other bad deeds facilitated by anonymous shell companies — or by companies lacking information on their “beneficial owners,” the person or entity that actually controls the company, not the (often meaningless) name under which the company is registered.
From only the first few comments:
Delaware shouldn’t be singled out as unique regarding nondisclosure of owners. What is somewhat unique is that, like Wyoming and Nevada, it does not tax corporate income.
As an attorney who has been involved with commercial matters, I can assure you that it is very easy to set up an LLC in Nevada, Wyoming or Delaware without scrutiny. The same is true of a number os US states.
THe second aspect of this that can facilitate criminal activity is the ease with which people can get fraudulent drivers licenses in some states. (Criminals usually need some ID at some time.) In some states, it is far to easy to obtain a fraudulent drivers license.