WASHINGTON --- Civil society groups are dismissing as inadequate proposed legal reforms in Delaware aimed at tightening transparency requirements in the state, one of the world’s most important homes to anonymous “shell” corporations. Delaware’s loose regulations, coupled with the state’s aggressive positioning of itself as corporation-friendly,
Delaware To Remain U.S. “Shell Corporation” Capital
Paper companies are the “getaway cars for global financial crime,” and new legislation is unlikely to do much to resolve the issue — especially not in Delaware.
