Trump and Clinton share Delaware tax 'loophole' address with 285,000 firms
1209 North Orange Street in Wilmington is a nondescript two-storey building yet is home to Apple, American Airlines, Walmart and presidential candidates
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This squat, yellow brick office building just north of Wilmington’s rundown downtown is the registered address of more than 285,000 companies. That’s more than any other known address in the world, and 15 times more than the 18,000 registered in Ugland House, a five-storey building in the Cayman Islands that Barack Obama called “either the biggest building in the world, or the biggest tax scam on record”.
Officially, 1209 North Orange is home to Apple, American Airlines, Coca-Cola, Walmart and dozens of other companies in the Fortune 500 list of America’s biggest companies. Being registered in Delaware lets companies take advantage of strict corporate secrecy rules, business-friendly courts and the “Delaware loophole”, which can allow companies to legally shift earnings from other states to Delaware, where they are not taxed on non-physical incomes generated outside of the state.
The loophole is said to have cost other states more than $9bn in lost taxes over the past decade and led to Delaware to be described as “one of the world’s biggest havens for tax avoidance and evasion”.
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Both the leading candidates for president – Hillary Clinton and Donald Trump – have companies registered at 1209 North Orange, and have refused to explain why.
http://www.theguardian.com/business/2016/apr/25/delaware-tax-loophole-12...
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Sooooooo, Mrs. Clinton is going to go after tbose dastardly tax scammers like herself? Forbes asked an interesting question about Shils and her money a while back...
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Clinton Foundation Admits Speech Fees Are Not Donations. Will Hillary Amend Her Own Taxes Too?
http://www.forbes.com/sites/robertwood/2015/11/21/clinton-foundation-adm...
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So this is who Markos trashed his site over? This candidate who personifies EVERYTHING that Democrats should be fighting against.
Comments
Hillary Clinton taking on Wall Street:
[video:https://www.youtube.com/watch?v=UD40W81eTDE]
I want my two dollars!
interesting
It takes the foreign press (UK) to give us a glimpse into the corruption here in the US.
“Until justice rolls down like water and righteousness like a mighty stream.”
Here is the office...
Hard to imagine that many companies in there... LOL
All that for 1%er's not to pay their fair share of taxes...
I'm the only person standing between Richard Nixon and the White House."
~John F. Kennedy~
Economic: -9.13, Social: -7.28,
I wonder if that's a rental?
looks like they're missing out of some signage revenue. Or maybe that would defeat the purpose.
With their hearts they turned to each others heart for refuge
In troubled years that came before the deluge
*Jackson Browne, 1974, Before the Deluge https://www.youtube.com/watch?v=7SX-HFcSIoU
They must be packed in like sardines.
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Gëzuar!!
from a reasonably stable genius.
Office sites
Remember the old "how many angels can dance on the head of a pin?"?
I'd be happy to offer a byte on my 32GB microSD as the head office site for a global billion/trillion dollar company. For that matter, I could probably provide an office to every company in the world.
285,000
I reckon 285,000 assholes don't take up that much room.
“Until justice rolls down like water and righteousness like a mighty stream.”
Just mailboxes
They don't take up much room.
There is no justice. There can be no peace.
More disgusted the more I know of her
The absolute opposite of Bernie.
Some would have you believe this is entirely innocent.
They are the same people who will watch us all keel over from smoke inhalation while insisting there's no such thing as fire.
"When we remember we are all mad, the mysteries disappear and life stands explained." - Mark Twain