Fiscalidad stock options 2013



Turks and Caicos Islands. Nos estamos refiriendo, naturalmente, a la demanda. Of course, business — the legal kind — has been the business of Delaware sincewhen the state established its Court of Chancery to handle business affairs. IURE en los medios. Como anular el IRPH de la Hipoteca.




NOTHING about North Orange Street hints at the secrets inside. Hardly worth a second glance. If a first one. But behind its doors is one of the most remarkable corporate collections in the world: North Orange, you see, is the legal address of no fewer thanseparate businesses. Its occupants, on paper, include giants like American Airlines, Apple, Bank of America, Berkshire Hathaway, Cargill, Coca-Cola, Ford, General Electric, Google, JPMorgan Chase, and Wal-Mart. These companies do business across the nation and around the world.

Here at North Orange, they simply have a dropbox. What attracts these marquee names to North Orange and to other Delaware addresses also attracts less-upstanding corporate citizens. For instance, North Orange was, until recently, a business address of Timothy S. It was also an address of Stanko Subotic, a Serbian businessman and convicted smuggler — just one of many Eastern Europeans drawn to the state. Big corporations, small-time businesses, rogues, scoundrels and worse — all have turned up at Delaware addresses in hopes of minimizing taxes, skirting regulations, plying friendly fiscalidad stock options 2013 or, when needed, covering their tracks.

Federal authorities worry that, in addition to the legitimate businesses flocking here, drug traffickers, embezzlers and money launderers are increasingly heading to Delaware, too. Breuer, assistant attorney general for the criminal division of the Justice Department. The First State, land of DuPont, broiler chickens and, as it happens, Vice President Joseph R.

Officials in the Cayman Islands, a favorite Caribbean haunt of secretive hedge funds, say Delaware is today playing faster and looser than the offshore jurisdictions that raise hackles in Washington. And international bodies, most recently the World Bank, are increasingly pointing fingers at the state. Of course, business — the legal kind — has been the business of Delaware sincewhen the state established its Court of Chancery to handle business affairs.

By the early 20th century, the state was writing friendly corporate and tax laws to lure companies from New York, New Jersey and elsewhere. Most of the businesses incorporated here are legitimate and many are using all legal means to reduce their tax bills — something that most stockholders applaud. President Obama has criticized outposts like the Caymans, complaining that they harbor giant tax schemes. But here in Wilmington, just over miles from Washington, is in some ways the biggest corporate haven of all.

It takes less than an hour to incorporate a company in Delaware, and the state is so eager to attract businesses that the office of its secretary of state stays open until midnight Monday through Thursday — and until p. Nearly half of all public corporations in the United States are incorporated in Delaware. Last year,businesses set up here.

And, at last fiscalidad stock options 2013, Delaware had more corporate entities, public and private, than people —toRestore Our Future ultimately disclosed that the money came from a former Bain Capital executive. The Romney campaign declined comment, and Restore Our Future did not return calls. Binary options minimum trade amount today regularly tops lists of domestic and foreign tax havens because it allows companies to lower options trading explanation taxes in another state — for instance, the state in which they actually do business or have their headquarters — by shifting royalties and similar revenues to holding companies in Delaware, where they are not taxed.

State lawmakers in Pennsylvania are now trying to close the loophole, arguing that their state is being robbed of its tax dollars. Of particular concern is that many companies involved in drilling for natural gas in the Marcellus Shale region of Pennsylvania are, in fact, incorporating in Delaware instead. Brunori, a professor at George Washington Law School and an expert on taxation. Not a lot, tax experts say. In April he was sentenced to 25 years in prison on terrorism charges resulting from an American sting operation.

Jack Abramoff, the former Washington lobbyist jailed on corruption charges, set up a sham Delaware corporation to hide millions in payments and circumvent federal laws. Subotic, the Serbian businessman who was tried in absentia last October for his role in a cigarette smuggling scheme and sentenced to six years, used three airplanes that were registered in Delaware, including two at North Orange.

Subotic lives in Geneva and denies the charges. The Organized Crime and Corruption Reporting Projectan international group based in Sarajevo, has identified other Eastern Europeans with Delaware links. Delaware has the most secret companies in the world and the easiest to form. Finzer, an American based in Novi Sad, Serbia, advertises his services online.

Because in provides the anonymity that most offshore jurisdictions do not offer. The state is seen as an onshore alternative with regulations more lax than such well-known offshore tax havens as the Isle of Man, Jersey and the Caymans, which require greater disclosure. Even more, a Delaware registration allows a business, legitimate or not, to open a bank account anywhere in the world with the patina of an American address.

Of those four states, Delaware stands out as the one fiscalidad stock options 2013 the least transparency and the most secrecy, this group says. Delaware, in turn, is the biggest single source of anonymous corporations in the world. It cited Delaware as one of the reasons. Murphy says, elicited howls in Wilmington.

That would require states to add the name of the person standing behind the corporation — its beneficial owner — on incorporation papers. To sweeten the pot, the legislation would exempt public companies, hedge funds and other large corporations, along with mom-and-pop businesses where ownership is clear. In addition, the federal government would pick up the tab for putting the law into effect.

View all New York Times newsletters. Three times sincehe has introduced his legislation — once co-sponsored by Barack Obama when he was a senator from Illinois — and each time the effort has been rebuffed. He has never even been able to get the measure out of committee. Law enforcement agencies, human rights groups and the administration are on his side. Last month, a letter supporting Mr. But that has been no match for the opposition. Most vocal is the National Association of Secretaries of Statea politically powerful group.

It is backed up by the Chamber of Commerce, the American Bar Association and the state of Delaware, which is the lone state fiscalidad stock options 2013 have hired a lobbyist to work on the matter. Carpera Delaware Democrat, is in line to be the next chairman of the Senate Homeland Security and Government Affairs Committeewhich has jurisdiction over the measure.

Carper has expressed concerns about the measure but has taken no formal position on it. Delaware is playing a significant role in the committee. They add that their offices are generally ill-equipped to process the additional data that would be required. Even more, determining beneficial ownership may not be a simple matter.

It would end up taking weeks or months to get a business started. And I think fiscalidad stock options 2013 lot of them would move underground and into the black market and just not form a legal entity. That is where the CT Corporation comes in. CT, a subsidiary of the Dutch information services company Wolters Kluweris the largest registered agent in Delaware and, it turns out, the registered agent for North Orange Street.

CT is authorized to transact business at that address, and its main duty is to accept legal notices on behalf of the businesses incorporated here and to pass fiscalidad stock options 2013 along. CT represents nearly a third of all companies registered in Delaware and 60 percent of Fortune companies. Mainly, however, CT says it acts as a middleman. The New York Times Company has seven corporate subsidiaries registered at Centerville Road in Wilmington.

The registered agent for that address is the Corporation Service Companywhich is the second-largest agent in the state. For corporate tax planners, Delaware is a dream. The state helps companies legitimately reduce their United States taxes and, sometimes, obscure profits in other countries. American corporations find the Caymans alluring for many reasons. In one respect, however, Delaware is even better than the Caymans. Among the top 10, some subsidiaries have been set up in Delaware, compared with 51 in Switzerland and 49 in the Caymans, according to a report last September by the Norway chapter of Publish What You Paya London-based group that studies natural resources.

Exxon, Chevron and Rio Tinto declined to comment. STATES like Pennsylvania are increasingly fed up. More than two-thirds of the companies in the Marcellus Shale Coalition, an industry alliance based in Pittsburgh, are registered to a single address: North Orange Street, according to the center. The fiscalidad stock options 2013 is urging Pennsylvania to try to close the Delaware loophole.

But it fiscalidad stock options 2013 running into opposition from Pennsylvania companies that want to retain the break. And, in Delaware, state officials say that their approach to business is good for America. Geisenberger, the Delaware official. Order Reprints Today's Paper Subscribe. Tell us what you think. Please upgrade your browser. The New York Times. Business Day How Delaware Thrives as a Corporate Tax Haven. Clear this text input.

By LESLIE WAYNE JUNE 30, Continue reading the main story. Delivered weekday mornings and afternoons. Please verify you're not a robot by clicking the box. You must select a newsletter to subscribe to. Receive occasional updates and special offers for The New York Times's products and services. Thank you for subscribing. An error has occurred. Please try again later. You are already subscribed to this email.

A version of this article appears in print on July 1,on Page BU1 of the New York edition with the headline: To Delaware, With Love. Discover the truth with us. Select the package that works for you. Unlimited article access, anytime, anywhere. NYTimes Crossword Access, Enjoy 20 years of Fiscalidad stock options 2013 crosswords archives, sync your progress across any device. Customized delivery options such as Sunday only, Fri. The weekly Sunday magazine and monthly T Magazine.

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6/19/2012 11:56:00 AM


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