G20 doesn’t show any impact here on the states of Delaware, Nevada and Wyoming as tax friendly jurisdictions although it seems some would really like to see that as an article from eubusiness.com points out.
Put Delaware, Wyoming, Nevada on G20 tax haven list: Luxembourg PM
(BRUSSELS) - The tax-friendly US states of Delaware, Nevada and Wyoming should figure on an international blacklist of offshore tax havens, Luxembourg Prime Minister Jean-Claude Juncker said on Tuesday.
Along with Belgium and Austria, Luxembourg recently came under pressure from its EU partners to ease its banking secrecy rules to avoid being put on a blacklist of tax havens being drawn up for a Group of 20 summit in London on Thursday.
“I would like all the bold (leaders) in Europe who insisted that those three EU countries that practice banking secrecy drop it show the same courage towards the United States,” Juncker said.
“The G20 has no credibility as an undertaking if Delaware, Wyoming or Nevada or far-flung islands from the United States are not on the blacklist,” he told lawmakers at the European Parliament in Brussels.
“If there must be a blacklist then, America should have its place on it.”
The three US states are popular locations for incorporating businesses in large part because of the tax advantages of doing so while the US Virgin Islands are also known for their tax benefits.
Read the full article about G20 tax havens at EUbusiness.com
