This is a storm that has been brewing for a long time and talk like this makes the all of the folks related to the incorporation industry here in Delaware very uneasy.
A bill to ensure that persons who form corporations in the United States disclose the beneficial owners of those corporations, in order to prevent wrongdoers from exploiting United States corporations for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations, and for other purposes.
Current Bill Status: May 5, 2008 Referred to Senate committee. Status: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Read the full text of SB 2956 (PDF)
To put thing into perspective for what Federal Legislation like this could mean to Delawareans; the collection of corporate franchise taxes, corporate income taxes, and corporate fee contributed about $775.3 million to the Delaware General Fund in 2007.
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