134
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Musk says Tesla will hold shareholder vote ‘immediately’ to move company’s incorporation to Texas::Billionaire Elon Musk justified the decision on the results of an unscientific poll run on his X account a day earlier.

you are viewing a single comment's thread
view the rest of the comments
[-] topinambour_rex@lemmy.world 19 points 1 year ago

Delaware is considered as a tax haven.

[-] M500@lemmy.ml 2 points 1 year ago* (last edited 1 year ago)

I think it’s because Delaware has really lax laws on incorporating and a special court just for corporate stuff so legal issues can get sorted quickly.

edit

Like in Delaware you can incorporate for like $500 a year and not even need to provide the names of the officers or ceo of the corporation.

[-] topinambour_rex@lemmy.world 1 points 1 year ago
[-] M500@lemmy.ml 1 points 1 year ago

Can you explain what makes it a tax haven?

this post was submitted on 02 Feb 2024
134 points (100.0% liked)

Technology

62853 readers
2914 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS