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  #1  
Old 11-01-2009, 09:31 AM
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Talking Delaware is the new Switzerland

Secrecy is a central feature of the global financial system. Jurisdictions compete with each other to provide it, in order to attract financial flows – with appalling effects elsewhere. It is essential to identify the worst culprits in providing this secrecy. But nobody has ever tried to do this in a systematic, objective way – until now.
The Financial Secrecy Index (FSI) creates a ranking which identifies the jurisdictions that are most aggressive in providing secrecy in international finance, and which most actively shun co-operation with other jurisdictions. It attaches a weighting to each jurisdiction, according to the scale of cross-border financial services activity that it hosts. The two measures – the opacity score, and the weighting, are combined to create the Financial Secrecy Index. Nothing like this has been done before.


Here is the ranking:

http://www.financialsecrecyindex.com/2009results.html


What the Index reveals

Most of the jurisdictions listed in the FSI have been described as tax havens. There is a tendency to think of the secrecy providers as “sunny places for shady people” - palm fringed Caribbean islands filled with shady law firms, luxury yachts and the brass plates of anonymous shell companies.

The FSI reveals a much bigger story. The major global players in the supply of financial secrecy are mostly not tiny, isolated islands, but rich nations operating their own specialised jurisdictions of secrecy, often with links to smaller ‘satellite’ jurisdictions which act as conduits for illicit financial flows into the mainstream capital markets.

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Old 11-01-2009, 09:44 AM
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Delaware has always been like that. Thats why half the boats in the harbor are registered their or in the Caymen Islands. Taxes what taxes?
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Old 11-01-2009, 09:57 AM
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Quote:
Originally Posted by Hatterasguy View Post
Delaware has always been like that. Thats why half the boats in the harbor are registered their or in the Caymen Islands. Taxes what taxes?
Are they gonna move Peach Parts there?
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Old 11-01-2009, 01:15 PM
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Minus the hills and pretty girls.
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Old 11-01-2009, 03:17 PM
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What about Nevada, at one point they were trying to outdo Delaware and attract corporations with favorable privacy laws?
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Old 11-01-2009, 04:51 PM
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Minus the hills and pretty girls.
Now my feelings are just hurt.
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Old 11-01-2009, 06:22 PM
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Originally Posted by BodhiBenz1987 View Post
Now my feelings are just hurt.

That's because your a pretty woman, big difference
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  #8  
Old 11-02-2009, 07:45 PM
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What did Delaware? A New Jersey. Don't believe me? Arkansas it, Alaska sometime.
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Old 11-02-2009, 07:48 PM
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Delaware has 2 zip codes with no inhabitants.
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  #10  
Old 11-02-2009, 08:16 PM
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Originally Posted by Chas H View Post
Delaware has 2 zip codes with no inhabitants.
The common earthworm has 7 hearts.
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Old 11-02-2009, 08:19 PM
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I think every law student in the US remembers two things . . . incorporate in Delaware . . . Napoleonic Code in LA. Everything else is pretty much a bonus.
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Old 11-02-2009, 08:52 PM
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The common earthworm has 7 hearts.
Bless 'em. Some people don't have one.
How many has the uncommom earthworm?
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  #13  
Old 11-02-2009, 10:08 PM
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Quote:
Originally Posted by Chas H View Post
Delaware has 2 zip codes with no inhabitants.
We got lots of zip codes, and we're freaking packed, at least up north (not speaking for slower lower). We could use a few less inhabitants.
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  #14  
Old 11-03-2009, 02:28 PM
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