Syria and tax havens are the two big topics for the G-8 this week. I find the tax haven issue interesting since the United States has its own tax haven in the state of Delaware the home state of the Vice President Joe Biden, and a long time ago me.
England is hot on this issue, going after international tax havens, but the same accounting methods used internationally are used right here in the U.S. giving corporations the ability to avoid corporate taxes domestically. So, until the European Union closes down Interstate 95 that takes you to Delaware, tax avoidance in the Diamond State will continue. Go Fightin’ Blue Hens!!! – N.P.Contompasis