A closer look
Delaware hosts more registered corporate entities than it has actual human residents, primarily because the tiny state offers a highly secretive and incredibly lenient legal framework that functions as a domestic tax haven. A single, remarkably unremarkable brick building in the sleepy city of Wilmington currently serves as the official legal address for nearly three hundred thousand separate businesses, including major tech giants and international banks. Multinational corporations save billions of dollars in taxes simply by pretending their primary operations are run out of a tiny post office box situated next to a local dry cleaner. Who needs to hide money in shady offshore Caribbean islands when you can legally launder your corporate profits right next to a New Jersey turnpike
