How the 'First State' has enabled international crime, sheltered tax dodgers, and diverted hard-earned dollars from the rest of us. The legal home to over a million companies, Delaware has more registered businesses than residents. Why do virtually all of the biggest corporations in the United States register there? Why do so many small companies choose to set up in Delaware rather than their home states? Why do wealthy individuals form multiple layers of private companies in the state? This book reveals how a systematic enterprise lies behind the business-friendly corporate veneer, one that has kept the state afloat financially by diverting public funds away from some of the poorest people in the United States and supporting dictators and criminals across the world. Hal Weitzman shows how the de facto capital of corporate America has provided safe haven to money launderers, kleptocratic foreign rulers, and human traffickers, and facilitated tax dodging and money laundering by multinational companies and international gangsters. Revenues from Delaware's business-formation industry, known as the Franchise, account for two-fifths of the state's budget and have helped to keep the tax burden on its residents among the lowest in the United States. Delaware derives enormous political clout from the Franchise, effectively writing the corporate code for the entire country-and because of its outsized influence on corporate America, the second smallest state in the United States also writes the rules for much of the world. What's the Matter with Delaware? shows how, in Joe Biden's home state, the corporate laws get written behind closed doors, enabling the rich and powerful to do business in the shadows.
'What is it that attracts giant multinational companies, kleptocrats, and tax evaders to Delaware? In this eye-opening book, Weitzman unveils the central role played by the First State-this great cog of American capitalism-in the financial dealings of big companies and wealthy families. This is a must-read book for anyone who cares about the future of taxation and inequality.' - Gabriel Zucman, coauthor of The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay
'This book is a meticulously researched and powerfully argued examination of capitalism's 'Delaware problem,' which undermines the transparency and accountability essential to a strong economy. A must-read for anyone who wants to know why it is so difficult to align corporate action with shareholder value or the public interest.' - Nell Minow, vice chair of ValueEdge Advisors
'Enlivened by rich anecdotes and stories, this book is a devastating attack on Delaware's dominance. Weitzman shows how its supremacy in the nation's economic life creates profound injury to other states, real humans both near and far, and indeed democracy itself.' - Kent Greenfield, Boston College Law School
How the 'First State' has enabled international crime, sheltered tax dodgers, and diverted hard-earned dollars from the rest of us. The legal home to over a million companies, Delaware has more registered businesses than residents. Why do virtually all of the biggest corporations in the United States register there? Why do so many small companies choose to set up in Delaware rather than their home states? Why do wealthy individuals form multiple layers of private companies in the state? This book reveals how a systematic enterprise lies behind the business-friendly corporate veneer, one that has kept the state afloat financially by diverting public funds away from some of the poorest people in the United States and supporting dictators and criminals across the world. Hal Weitzman shows how the de facto capital of corporate America has provided safe haven to money launderers, kleptocratic foreign rulers, and human traffickers, and facilitated tax dodging and money laundering by multinational companies and international gangsters. Revenues from Delaware's business-formation industry, known as the Franchise, account for two-fifths of the state's budget and have helped to keep the tax burden on its residents among the lowest in the United States. Delaware derives enormous political clout from the Franchise, effectively writing the corporate code for the entire country-and because of its outsized influence on corporate America, the second smallest state in the United States also writes the rules for much of the world. What's the Matter with Delaware? shows how, in Joe Biden's home state, the corporate laws get written behind closed doors, enabling the rich and powerful to do business in the shadows.
'What is it that attracts giant multinational companies, kleptocrats, and tax evaders to Delaware? In this eye-opening book, Weitzman unveils the central role played by the First State-this great cog of American capitalism-in the financial dealings of big companies and wealthy families. This is a must-read book for anyone who cares about the future of taxation and inequality.' - Gabriel Zucman, coauthor of The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay
'This book is a meticulously researched and powerfully argued examination of capitalism's 'Delaware problem,' which undermines the transparency and accountability essential to a strong economy. A must-read for anyone who wants to know why it is so difficult to align corporate action with shareholder value or the public interest.' - Nell Minow, vice chair of ValueEdge Advisors
'Enlivened by rich anecdotes and stories, this book is a devastating attack on Delaware's dominance. Weitzman shows how its supremacy in the nation's economic life creates profound injury to other states, real humans both near and far, and indeed democracy itself.' - Kent Greenfield, Boston College Law School
What we know about dark matter and what we have yet to discover.Astronomical observations have confirmed dark matter's existence, but what exactly is dark matter? In What Is Dark Matter?, particle...
BookLoop is your trusted local Australian destination for books, games, toys, puzzles, tarot cards, stationery, and thoughtful gifts, offering a huge range of carefully curated products for curious minds of all ages. As a proudly Australian-owned bookstore, we are passionate about connecting our community with inspiring reads, creative play, and unique finds that bring joy, spark imagination, and support lifelong learning. Whether you're shopping for bestselling fiction, children’s picture books, educational resources, or non-fiction titles that encourage mental health, mindfulness, and personal growth, our ever-expanding book collection has something for everyone—including titles from local Australian authors that celebrate homegrown talent and storytelling. But we’re more than just a bookstore—our diverse range includes engaging puzzles for solo or family fun, educational and screen-free toys designed to develop skills and creativity, and family-friendly board games that bring people together. If you're looking for something with a little extra meaning, our beautifully illustrated tarot cards and oracle decks are perfect for beginners and seasoned readers alike, with options chosen for their artistry, symbolism, and accessibility. We also carry a range of gifts and stationery, from handcrafted journals and high-quality pens to bookmarks, greeting cards, candles, and calming tools, making it easy to find the perfect present for birthdays, celebrations, or simply because. Every product on our shelves is selected with care, quality, and purpose, making BookLoop a one-stop shop for thoughtful, meaningful shopping that supports creativity and wellbeing. We believe in the value of small business and community connection, which is why we’re committed to sourcing products that reflect our values and offering the kind of friendly, personalised service that big retailers can’t match. When you shop with us, you’re not only choosing beautifully curated items—you’re supporting a local Australian business that genuinely cares. We ship Australia-wide with a flat rate to keep things simple and affordable, and every order is carefully packed and quickly dispatched by our small, dedicated team. Our online shopping experience is safe, easy, and user-friendly, making it convenient to explore our wide range of books, gifts, and games from the comfort of home. We’ve seen a growing demand for titles and toys that support mental health, especially in children and teens, and we’re proud to stock a growing number of books on ADHD, emotional regulation, positive thinking, and self-esteem, as well as calming puzzles and sensory-friendly gifts that are both fun and supportive. Whether you're looking to inspire a young reader, encourage imaginative play, find your next favourite novel, or gift someone something truly special, BookLoop has you covered. Thank you for choosing to shop local and support a business that believes in the power of stories, creativity, and connection—explore our full collection today and experience the difference of thoughtful, heart-led retail with BookLoop.
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