Rachel Maddow: Corporate Tax Loop Hole-palooza

[democracy1st]

Run time: 05:27 https://www.youtube.com/watch?v=-kZwQ2uanWg   Posted on YouTube: July 18, 2011 By YouTube Member: NewsPoliticsInfo Views on YouTube: 98   Posted on DU: July 27, 2011 By DU Member: democracy1st Views on DU: 575

 
Tax safe heavens don't just exist in the Cayman Islands, they're in Wyoming.

Special Report: A little house of secrets on the Great Plains

CHEYENNE/ATLANTA (Reuters) - The secretive business havens of Cyprus and the Cayman Islands face a potent rival: Cheyenne, Wyoming.

At a single address in this sleepy city of 60,000 people, more than 2,000 companies are registered. The building, 2710 Thomes Avenue, isn't a shimmering skyscraper filled with A-list corporations. It's a 1,700-square-foot brick house with a manicured lawn, a few blocks from the State Capitol.

Neighbors say they see little activity there besides regular mail deliveries and a woman who steps outside for smoke breaks. Inside, however, the walls of the main room are covered floor to ceiling with numbered mailboxes labeled as corporate "suites." A bulky copy machine sits in the kitchen. In the living room, a woman in a headset answers calls and sorts bushels of mail.

A Reuters investigation has found the house at 2710 Thomes Avenue serves as a little Cayman Island on the Great Plains. It is the headquarters for Wyoming Corporate Services, a business-incorporation specialist that establishes firms which can be used as "shell" companies, paper entities able to hide assets.

http://www.reuters.com/article/2011/06/28/us-usa-shell-companies-idUSTRE75R20Z20110628

[proud patriot]

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