Trump and Clinton share Delaware tax ‘loophole’ address with 285,000 firms –

April 25, 2016

General, USA

Talking the Talk

Hillary Clinton on tax havens: “a perversion” of the legal code, and promises to crack down if elected president “outrageous tax havens and loopholes that super-rich people across the world are exploiting in Panama and elsewhere”.

Walking the walk?

She collected more than $16m in public speaking fees and book royalties in 2014 through the doors of 1209, according to the Clintons’ tax return.

And where or what-in-the-world is “1209”?

“There aren’t many things upon which Hillary Clinton and Donald Trump agree, especially as they court very different Delaware voters ahead of a primary on Tuesday. But the candidates for president share an affinity for the same nondescript two-storey office building in Wilmington. A building that has become famous for helping tens of thousands of companies avoid hundreds of millions of dollars in tax through the so-called Delaware loophole’.

The receptionist at 1209 North Orange Street isn’t surprised that a journalist has turned up unannounced on a sunny weekday afternoon.”

Read the story at:


Forget Panama: it’s easier to hide your money in the US than almost anywhere

“Delaware is so synonymous with anonymous companies that it was named as one of the most symbolic cases of corruption”


MONDAY, APRIL 25, 2016. 3:33 p.m. [GMT]

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