Having launched and led the battle against offshore tax evasion, America is now part of the problem

Partly because of state rights, the US can appear to have multiple personalities:

“Business lobbyists and states with lots of registered firms, led by Delaware, have long stymied proposed federal legislation that would require more openness in corporate ownership. (Incorporation is a state matter, not a federal one.) America will often investigate a shell company if asked to by a foreign government that suspects wrongdoing. But incorporation agents do not have to collect ownership information. This is in contrast to Britain, which will soon have a public register of companies’ beneficial owners.”

Source: The biggest loophole of all | The Economist

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