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

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:
http://www.theguardian.com/business/2016/apr/25/delaware-tax-loophole-1209-north-orange-trump-clinton?utm_source=esp&utm_medium=Email&utm_campaign

 

RELATED ESSAY
Forget Panama: it’s easier to hide your money in the US than almost anywhere
[http://www.theguardian.com/us-news/2016/apr/06/panama-papers-us-tax-havens-delaware]

Excerpt
“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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