Editing Taxation in the United States (section)

=== Delaware ===
The state of Delaware is home to nearly 68% of the Fortune 500 companies.<ref>{{cite web |title=How Delaware Thrives as a Business Tax Haven |url=https://www.incfile.com/blog/post/how-delaware-thrives-business-tax-haven |access-date=2022-04-11 |website=www.incfile.com |language=en}}</ref> [[Corporation Trust Center (CT Corporation)|Corporation trust center]] in the city of Wilmington is the address to over 285,000 companies including Delaware entities of Google, Amazon, General Motors, Deutsche Bank's subsidiaries etc. This is because this state does not collect any local and state sales tax and the companies based there are not subject to any income tax on their intangible assets. Legally this tax haven can be used by holding companies that charge their subsidiaries trademark charges – thus moving their income (in accounting terms reducing their income tax base by expenses) to the company set up in Delaware where it is not subject to state taxes. Property such as a trademark is hard to put an exact number on which offers the companies a lot of leeway on how much money they move to Delaware. If companies do not conduct any business in Delaware, then they pay a lower franchise tax instead of the corporate income tax. Also because of its business-friendly usury laws the interest rates can go above the average there and therefore Delaware attracts financial companies. Delaware also offers benefits in terms of high secrecy levels (companies do not have to file their beneficiaries nor their officers and directors) and predictable judiciary rulings in conflicts between companies.<ref>{{cite web |title=Why Delaware Is Considered a Tax Shelter |url=https://www.investopedia.com/articles/personal-finance/092515/4-reasons-why-delaware-considered-tax-shelter.asp |access-date=2022-04-11 |website=Investopedia |language=en}}</ref>