What's the Matter with Delaware?

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Delaware, often seen as the epitome of blandness and humorously referenced in pop culture, is actually a central hub for corporate America and a haven for financial misconduct. Despite its unassuming reputation, Delaware has become a conduit for diverting public funds from the nation's poorest citizens while facilitating the activities of criminals and dictators worldwide. Legal experts and financial journalists recognize that Delaware's business-friendly environment allows for rampant tax evasion and money laundering, yet no comprehensive account has been published until now. Investigative journalist Hal Weitzman uncovers how Delaware's "loophole" enables major corporations like Home Depot and Walmart to evade state taxes, impacting the states where they operate. He also reveals how Delaware’s lax incorporation laws allow businesses to be established without disclosing ownership, leading to a troubling overlap between legitimate companies and notorious figures in crime and corruption. By combining public data, interviews, and investigative research, Weitzman aims to expose this systemic issue, highlighting the hypocrisy of U.S. lawmakers who condemn foreign tax havens while overlooking Delaware’s practices. This book seeks to raise awareness and potentially drive legislative change, affecting how both legitimate and illicit businesses operate in the U.S.